//(1) PROPOSED RIGHTS ISSUE OF RIGHTS SHARES ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY TWO EXISTING SHARES HELD ON THE RECORD DATE AT HK$0.11 PER RIGHTS SHARE ON A NON-FULLY-UNDERWRITTEN BASIS; (2) CONNECTED TRANSACTION IN RELATION TO THE UNDERWRITING AGREEMENT; AND (3) CLOSURE OF REGISTER OF MEMBERS

(1) PROPOSED RIGHTS ISSUE OF RIGHTS SHARES ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY TWO EXISTING SHARES HELD ON THE RECORD DATE AT HK$0.11 PER RIGHTS SHARE ON A NON-FULLY-UNDERWRITTEN BASIS; (2) CONNECTED TRANSACTION IN RELATION TO THE UNDERWRITING AGREEMENT; AND (3) CLOSURE OF REGISTER OF MEMBERS

(1) PROPOSED RIGHTS ISSUE OF RIGHTS SHARES ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY TWO EXISTING SHARES HELD ON THE RECORD DATE AT HK$0.11 PER RIGHTS SHARE ON A NON-FULLY-UNDERWRITTEN BASIS; (2) CONNECTED TRANSACTION IN RELATION TO THE UNDERWRITING AGREEMENT; AND (3) CLOSURE OF REGISTER OF MEMBERS

The Company proposed to raise a gross proceed of up to approximately HK$219 million before expenses by way of the Rights Issue to the Shareholders. The Rights Issue involves the issue of up to 1,986,487,450 Rights Shares at the Subscription Price of HK$0.11 per Rights Share on the basis of one Rights Share for every two existing Shares in issue on the Record Date. The Rights Issue will only be available to the Qualifying Shareholders and will not be available to the Non-Qualifying Shareholders. The maximum net proceeds from the Rights Issue after deducting the expenses are estimated to be approximately HK$213 million.

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By | 2019-10-29T10:27:10+00:00 October 28th, 2019|2018|0 Comments

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