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CITIC 21CN Co Ltd announces proposed issue of subscription shares


Thursday, 23 Jan 2014 06:24am EST 

CITIC 21CN Co Ltd:Says on Jan. 23, it entered into the subscription agreement.Says pursuant to the subscription agreement, the subscriber has conditionally agreed to subscribe for 4,423,175,008 subscription shares.Says the subscription price is HK$0.30 per subscription share.Says the aggregate consideration for the subscription, being HK$1,326,952,502, shall be payable by the Subscriber in cash on Completion.Says completion will take place on the seventh Business Day following the Unconditional Date, or on such other date as the parties may agree. 

Company Quote

4.69
-0.3 -6.01%
3:59am EDT