Sunway Int'l (00058.HK) announced that it will issue a total of 35.92 million shares to its controlling shareholder, Poon Pui Chung (subscriber), at a price of 0.1 yuan per share, representing a premium of 96.08% over the pre-suspension closing price. The total subscription amount is 3.6 million yuan, with a net amount of 2.6 million yuan, intended for general operating funds. After completion, the subscriber and its concerted parties will increase their shareholding in the company from the current 41.03% to 50.86%, and will be required to make a mandatory unconditional cash offer at a price of 0.1 yuan per share.

At the same time, the company will issue 30 million yuan of one-year zero-coupon convertible bonds to the subscriber, with approximately 22.68 million yuan to offset the company's payable amount to the subscriber, and the balance will be paid in cash. The preliminary conversion price of the bond is 0.1 yuan; the convertible new shares will account for 58.19% of the enlarged share capital.

The company's shares have applied to resume trading on Monday (30th).