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Unisplendour Corp Ltd Announces New Shares Issuance to Fully Acquire Companies and Fund Raising

Thursday, 25 Jul 2013 08:00pm EDT 

Unisplendour Corp Ltd announced that it will issue up to 78,722,200 A shares of common stock with par value of RMB 1 per share at RMB 13.39 per share in private placement, in order to acquire an 83% stake in NTONG and an 80% stake in TEMOBI. The Company will be acquiring the rest 17% stake in NTONG and 20% stake in TEMOBI with cash, for up to RMB 245,909,000 in total. The total amount for the acquisition is approximately RMB 1.3 billion. The Company will also be issuing 32,362,500 A shares of common stock, with par value of RMB 1 per share at RMB 13.39 per share in private placement to Tsinghua Holdings Co., Ltd.(7,300,000 shares for RMB 97,747,000), TusPark Co., Ltd. (22,582,500 shares for RMB 302,379,100) and a Beijing-based investment management partnership (2,480,000 shares for RMB 33,207,200), to raise approximately RMB 433 million. The Company will be issuing 111,084,700 shares in total. 

Company Quote

2.34 +10.01%
18 Apr 2014