China Gas (08246) intends to subscribe for 17 Vbit shares at a premium of approximately 33.33%, increasing its shareholding to 27.35%.

Zhitong Finance APP news, China Gas (08246) announced that on October 7, 2026 (after trading hours), the company's wholly-owned subsidiary Toff Global, Vbit, and Mr. Hoon Heh entered into a subscription agreement, pursuant to which Toff Global conditionally agreed to subscribe for the subscription shares (i.e., 17 Vbit shares) at a consideration of US$1.18 million. As at the date of this announcement, Vbit is owned as to 85% by Mr. Hoon Heh and 15% by Toff Global. Upon completion, after enlargement by the allotment and issue of the subscription shares, Toff Global's equity interest in Vbit will increase to 27.35%.