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Tack Fiori International Group Ltd Announces Placing Of New Shares Under General Mandate


Thursday, 26 Sep 2013 08:39am EDT 

Tack Fiori International Group Ltd announced that on September 26, 2013, after trading hours, Enerchine Securities Limited (the Placing Agent) and the Company entered into the Placing Agreement pursuant to which the Placing Agent has conditionally agreed to place up to 29,783,635 new Shares to not less than six Placees, at a price of HKD0.59 per Share. The maximum number of 29,783,635 Placing Shares under the Placing represents approximately 20.00% of the existing issued share capital of the Company of 148,918,179 Shares as at the date of this announcement and approximately 16.67% of the then issued share capital of 178,701,814 Shares as enlarged by the Placing. The Placing Price of HKD0.59 represents a discount of approximately 13.24% to the closing price of the Shares of HKD0.68 quoted on the Stock Exchange on the date of this announcement; and a discount of approximately 13.24% to the average closing price of the Shares of HKD0.68 quoted on the Stock Exchange for the last five consecutive trading days immediately prior to the date of this announcement. The maximum gross proceeds from the Placing will be approximately HKD17.57 million and the maximum net proceeds from the Placing will be approximately HKD16.53 million which will be used as general working capital of the Group. 

Company Quote

2.39
-0.02 -0.83%
19 Dec 2014