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Kong Sun Holdings Ltd Announces Placing Of New Shares


Friday, 6 Sep 2013 09:08am EDT 

Kong Sun Holdings Ltd announced that On September 6, 2013 (after trading hours), the Placing Agent and the Company entered into the Placing Agreement pursuant to which the Placing Agent agreed to place, on a best effort basis, up to 293,700,000 Placing Shares at a price of HKD0.086 each. Assuming that there will be no change in the issued share capital of the Company between the date of this announcement and the completion of the Placing, the 293,700,000 Placing Shares under the Placing represent (i) approximately 19.99% of the existing issued share capital of the Company of 1,468,962,519 Shares as at the date of this announcement; and (ii) approximately 16.66% of the issued share capital of the Company as enlarged by the allotment and issue of the Placing Shares. The aggregate nominal value of the Placing Shares under the Placing will be HKD2,937,000. Completion of the Placing, in any event, will take place within four business days after the fulfillment of the conditions as set out in paragraph headed Conditions of the Placing Agreement above or such other date to be agreed between the Company and the Placing Agent in writing (the Completion Date). 

Company Quote

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19 Sep 2014