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Zhong Ao Home forms JV with lawyer Tseung to enter PRC computing power, SaaS market

PUBT·07/21/2026 13:21:47
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Zhong Ao Home forms JV with lawyer Tseung to enter PRC computing power, SaaS market
  • Entered a joint venture agreement on July 21, 2026 via subsidiary New Trillion with Queenie Tseung Choi Wing.
  • Targets a 51% stake in a new BVI holding structure owning a PRC computing power and SaaS business.
  • Plans to issue non-interest-bearing Convertible Bonds of HK$ 306 million to the partner’s BVI holding company.
  • Initial conversion price HK$ 0.93; full conversion implies 329,032,258 new shares, equal to 27.8% of enlarged share capital.
  • Completion conditions include shareholder approval, listing approval for conversion shares, reorganization completion, valuation of 51% PRC unit at HK$ 306 million+.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhong Ao Home Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260721-12251560), on July 21, 2026, and is solely responsible for the information contained therein.