(01539.HK): Completed the issuance of subscription shares, conversion shares and settlement shares under special authorization

On January 20, 2019, (01539.HK) announced that as all the conditions had been met separately, the completion of the connected offering and settlement had been implemented at the same time as on 20 January 2022.

Upon completion and settlement of the Connected Issue, (i) 1.1 billion Subscription Shares have been formally allotted and issued to Subscriber Fujia Development at the Subscription Price of HK$0.1 per Subscription Share paid-in-full by the Company; (ii) 96.51 million, 10.08 million and 20.154 million Converted Shares have been formally allotted and issued by the Company at full payment of HK$0.1 per Share Converted Share at issue price respectively to Mr. Wong, Mpplication and Mr. Lam; and (iii) 239 million shares, respectively. 22.778 million shares, 105 million shares, 12.068 million shares, 50 million shares and 45.072 million settlement shares have been officially allotted and issued by the Company at full payment of HK$0.1 per settlement share at the issue price and issued to First Fidelity Capital (International) Limited, Ms. Yu Shiyun, Red Hill Investment (BVI) Limited, Mr. Tang Wenjun, Jiadu & Co. Limited and Ms. Hu Jiehui. The Subscription Shares, The Conversion Shares and the Settlement Shares are equivalent to approximately 46.54%, 5.36% and 20.06% of the issued share capital respectively as determined by the Company on the Date of The Announcement.

After deducting the expenses related to the Subscription, the net proceeds from the Subscription were approximately HK$105 million.

This article originated from Grand Gateway