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Z-Obee Holdings Ltd Announces Subscription Of New Shares Under General Mandate


Thursday, 12 Sep 2013 10:01am EDT 

Z-Obee Holdings Ltd announced that On September 12, 2013 (after trading hours), the Company as issuer had entered into ten separate Subscription Agreements with ten Subscribers respectively as subscribers in relation to the subscription of an aggregate of 127,114,000 Subscription Shares at the Subscription Price of HKD0.80 per Subscription Share. The Subscription Shares represent approximately 20.00% of the existing issued share capital of the Company and approximately 16.67% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares assuming there are no other changes in the share capital of the Company between the date of this announcement and the date of Completion. The Subscription Shares shall be allotted and issued under the General Mandate. The gross proceeds of the Subscription will be approximately HKD101.69 million. The net proceeds of the Subscription, after the deduction of the related expenses, will be approximately HKD101.59 million, representing a net issue price of approximately HKD0.80 per Subscription Share. The Company intends to apply the net proceeds of the Subscription as general working capital of the Group. 

Company Quote

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27 Jun 2014