XiDeLang Holdings Ltd Announces Proposed Private Placement And Proposed Bonus Issue

XiDeLang Holdings Ltd (XDL) announced its proposed private placement of up to 43,999,990 new ordinary shares of USD 0.10 each in the Company (Shares or XDL Shares) (Placement Shares), representing up to 10% of the total issued and paid-up share capital of XDL (inclusive of treasury Shares) (Proposed Private Placement) and a bonus issue of up to 241,999,945 new Shares (Bonus Shares) (after the Proposed Private Placement), to be credited as fully paid-up at par, on the basis of one (1) Bonus Share for every two (2) existing Shares held by the entitled shareholders of the Company on an entitlement date to be announced.