Analyst Research

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

Asia Resources Holdings Ltd Announces Placing Of New Shares Under General Mandate


Friday, 12 Jul 2013 08:38am EDT 

Asia Resources Holdings Ltd announced that on July 12, 2013, after trading hours, the Company and the Orient Securities Limited (Placing Agent) entered into the Placing Agreement, pursuant to which the Placing Agent has conditionally agreed to place, on a best effort basis, up to 30,772,661 new Shares to not less than six Placees at a price of HKD0.60 per Placing Share. The maximum net proceeds from the Placing will be approximately HKD18 million. The Company intends to apply the net proceeds from the Placing for general working capital and/or to pursue suitable investment opportunities. The Placing Agent will receive a commission of HKD450,000 in case of full placement, or pro-rata of the placement, for which it has procured Placees to subscribe. The estimated net proceeds from the Placing, after deducting the related placing fee, professional fees and all other related expenses incurred in connection with the Placing, which will be borne by the Company, are expected to be approximately HKD18 million, representing a net placing price of approximately HKD0.585 per Placing Share. The Company intends to apply the net proceeds from the Placing for general working capital and/or to pursue suitable investment opportunities. The Company will continue to seek for suitable investment opportunities for business development. 

Company Quote

0.42
-0.0050 -1.18%
23 Oct 2014