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Tonic Industries Holdings Ltd Proposes Placing Of Shares


Monday, 28 Oct 2013 06:15pm EDT 

Tonic Industries Holdings Ltd announced that the Company and each of the Placing Agents entered into a price determination letter (the price determination letter), pursuant to which the final issue price of the consideration shares and the placement shares has been determined at HKD2.05 per Share (the final issue price) and the total number of Placement Shares has been determined to be 939,760,297. As a result, the total number of consideration shares has been determined to be 2,897,028,703. Based on the final issue price of HKD2.05 per share, the gross proceeds from the Placing amount to approximately HKD1,927 million. After taking into account all related costs, fees, expenses and commission of the Placing, the net proceeds are estimated to be approximately HKD1,819 million, representing a net issue price of approximately HKD1.94 per share. 

Company Quote

1.04
-0.03 -2.80%
2:59am EST