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Mascotte Holdings Ltd Announces Placing Of New Shares Under General Mandate


Thursday, 8 Nov 2012 07:15am EST 

Mascotte Holdings Ltd announced that on November 8, 2012, after trading hours, Freeman Securities Limited (the Placing Agent) and the Company entered into the Placing Agreement pursuant to which the Placing Agent has conditionally agreed to place a total of 68,501,684 new Shares on a fully underwritten basis, to not less than six Placees, at a price of HKD0.17 per Share. The 68,501,684 Placing Shares under the Placing represents approximately 18.46% of the existing issued share capital of the Company of 371,048,420 Shares as at the date of this announcement and approximately 15.58% of the then issued share capital of 439,550,104 Shares as enlarged by the Placing. The gross proceeds from the Placing will be approximately HKD11.64 million and the net proceeds from the Placing will be approximately HKD11.10 million which will be used for general working capital. 

Company Quote

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29 Aug 2014