Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Wright Reports
$75.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Hsin Chong Construction Group Ltd Announces Completion Of Acquisition In Relation To Acquisition Of Property Holding Company; Completion Of Placing Of New Shares Under Specific Mandate


Wednesday, 25 Sep 2013 08:07am EDT 

Hsin Chong Construction Group Ltd announced that all the conditions precedent of the Acquisition Agreement have been fulfilled and completion of the Acquisition took place on September 25, 2013. Following completion of the Acquisition, members of the Target Group became indirect wholly-owned subsidiaries of the Company and the results of the Target Group will be consolidated into the financial statements of the Group. The Company announced that all the conditions precedent of the Placing Agreement have been fulfilled and completion of the Placing took place on September 25, 2013. 1,350,000,000 Placing Shares under the Placing have been successfully placed to not less than six Placees at the Placing Price of HKD1.00 per Placing Share pursuant to the terms and conditions of the Placing Agreement. As confirmed by the Placing Agent, the Placees and their respective ultimate beneficial owners are third parties independent of the Company and its connected persons. The Placing Agent also confirms that no Placees or any of their respective ultimate beneficial owners has become a substantial shareholder of the Company upon completion of the Placing. The gross proceeds from the Placing are approximately HKD1,350 million, and the net proceeds from the Placing are approximately HKD1,281 million after deducting placing commission and other relevant expenses incurred in relation to the Placing 

Company Quote

1.05
-0.01 -0.94%
11 Jul 2014