Core Viewpoint - Tian Cai Holdings (03882) has announced a capital injection and loan capitalization agreement with JSC, which will significantly increase its stake in JSC and improve JSC's capital structure [1][2] Group 1: Capital Injection Agreement - On July 7, 2025, Tian Cai Holdings' indirect non-wholly owned subsidiary SL Vietnam agreed to subscribe for new shares in JSC, representing 26.89% of JSC's total issued share capital as of the announcement date, with a total subscription price of $1 million for general working capital [1] - After the completion of the capital injection, SL Vietnam's stake in JSC will be 21.19% of the total issued share capital [1] Group 2: Loan Capitalization Agreement - On July 16, 2025, SL Imaging, a wholly-owned subsidiary of Tian Cai Holdings, entered into a loan capitalization agreement with JSC, agreeing to subscribe for capitalized shares representing 54.38% of JSC's total issued share capital as of the announcement date, with a total issuance price of $11 million to capitalize unpaid loan principal [1] - Following the completion of the loan capitalization, SL Imaging will hold 30.00% of JSC's total issued share capital [1] Group 3: Share Purchase Agreement - After the completion of the capital injection and loan capitalization, SL Vietnam will enter into a share purchase agreement with the seller (a joint venture partner of JSC), agreeing to purchase shares representing 25.31% of JSC's total issued share capital as of the announcement date, for a consideration of $100,000 [2] - Upon completion of all transactions, Tian Cai Holdings will hold 99.45% of JSC's total issued share capital, with 69.45% held through SL Vietnam and 30.00% through SL Imaging [2] Group 4: Strategic Implications - The capital injection and loan capitalization will enhance JSC's capital structure and improve its debt-to-equity ratio, enabling JSC to expand its production facilities and capacity in Vietnam amid U.S. tariff issues [2]
天彩控股(03882)拟控股越南子公司99.45% 强化产能应对美关税