SUNSHINE OIL (02012) intends to issue approximately 48.69 million shares to creditors at a premium of about 5.71% to settle debts.

SUNSHINE OIL (02012) announced that on April 17, 2025, the company entered into debt-to-equity conversion agreements with creditors. According to these agreements, the company will issue relevant shares to each creditor for debt conversion, as full and final settlement of each creditor's debts. As of the debt-to-equity conversion agreement date, the total amount owed by the company to creditors is approximately HK$17.0435 million, which will be settled by issuing approximately 48.6957 million shares in this offering. The issue price per share is HK$0.35, representing a premium of approximately 5.71% over the closing price of HK$0.33 on April 16, 2025.