FANTASIA (01777) completes restructuring agreement related to COLOR LIFE shares dispute.
Fancy Year Holdings Limited (01777) announced that the transaction contemplated under the restructuring agreement, which is scheduled to be completed on March 12, 2026, has been completed. Upon completion of the transaction contemplated under the restructuring agreement, (including): (i) the buyer acquired approximately 21.97% of the issued shares of Colour Life; (ii) approximately 10.0% of the issued shares of Colour Life were transferred to a designated entity of TFISF (as a guarantee for the effective execution); (iii) the Company retains approximately 9.98% of the issued shares of Colour Life, which are not subject to any alleged guarantee or other claims; and (iv) Colour Life is no longer a subsidiary of the Company.
FANTASIA (01777) announced that as of March 12, 2026, the transactions proposed under the restructuring agreement have been completed. Upon completion of the transactions proposed under the restructuring agreement (including): (i) the buyer has acquired approximately 21.97% of the issued shares of COLOUR LIFE; (ii) approximately 10.0% of the issued shares of COLOUR LIFE have been transferred to a designated entity of TFISF (as a guarantee for effective execution); (iii) the company retains approximately 9.98% of the issued shares of COLOUR LIFE, which are not subject to any alleged guarantee or other claims; and (iv) COLOUR LIFE is no longer a subsidiary of the company.
As of the date of this announcement, Miss Zeng indirectly owns approximately 59.99% of the issued shares of COLOUR LIFE through the buyer, the company, and Fantasy Pearl International Limited, and continues to be the controlling shareholder of COLOUR LIFE.
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