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Mascotte Holdings Ltd Announces Placing Of New Shares Under General Mandate


Friday, 8 Nov 2013 07:57am EST 

Mascotte Holdings Ltd announced that on November 8, 2013, after trading hours, 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 1,250,000,000 new Shares on a fully underwritten basis, to not less than six independent Placees, at a price of HKD0.085 per Placing Share. The 1,250,000,000 Placing Shares under the Placing represent approximately 10.24% of the existing issued share capital of the Company of 12,207,300,620 Shares as at the date of this announcement and approximately 9.29% of the then issued share capital of 13,457,300,620 Shares as enlarged by the Placing. The gross proceeds from the Placing will be approximately HKD106.25 million and the net proceeds from the Placing (after deducting the placing commission for the Placing and other expense) will be approximately HKD99.7 million which will be used for general working capital of the Group. 

Company Quote

0.109
-0.0030 -2.68%
11 Jul 2014