ZhanCheng Tourism Development Sdn. Bhd. announced that it will issue 220,000,000 shares at a price of CNY 1 per share for gross proceeds of CNY 220,000,000 on April 29, 2024.

The transaction will include participation from returning investor Sinyi Realty Inc. This has been approved in the board of directors of Sinyi Realty Inc. The company will receive cash in the transaction. The company will receive money in several tranches.