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Provider: Thomson Reuters Stock Report

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Yueshou Environmental Holdings Ltd Announces Completion Of Placing Of Existing Shares And Top-Up Subscription Of New Shares

Thursday, 3 Jan 2013 04:00am EST 

Yueshou Environmental Holdings Ltd announced that all conditions set out in the Placing and Subscription Agreements have been fulfilled, and an aggregate of 800 million Placing Shares were successfully placed to not less than six independent Placees, who are other investors, on December 27, 2012 at HKD0.012 per Placing Share, while an aggregate of 800 million Subscription Shares, representing approximately 5.98% of the issued share capital of the Company as at the date of this announcement, were issued and allotted to the Subscriber at HKD0.012 per Subscription Share on January 3, 2013. The net proceeds from the Subscription, after deducting all related expenses (including but not limited to the Placing commission) borne by the Company, are approximately HKD9.3 million, which will be used as the Company’s working capital for its ordinary business and operations, where the net price per Subscription Share is approximately HKD0.0116. 

Company Quote

-0.011 -4.98%
28 Aug 2014