Renaissance Asia Silk Road Group (HKG:0274) agreed to allot and issue 89,118,654 shares to Yuan Weiran at HK$0.05 apiece to offset a loan amount of nearly HK$4.5 million owed by the company to the latter, a Feb. 7 bourse filing said.

The shares represent around 13.27% of the gold mining company's enlarged issued share capital.

The subscriber has been providing financial assistance for the company's working capital purposes since November 2024. The loan amount had fallen due Jan. 31, 2025.