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Ngai Shun Holdings Ltd Announces Pricing Of Placing And Public Offer


Monday, 14 Oct 2013 07:53pm EDT 

Ngai Shun Holdings Ltd announced that the Offer Price of its Public Offer has been determined at HKD0.93 per Offer Share (exclusive of brokerage fee of 1.0%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%). — The Offer Size Adjustment Option has been fully exercised by the Lead Manager to require the Company to issue and allot additional 15,000,000 Placing Shares, representing 15% of the number of the Offer Shares initially offered under the Share Offer, at the Offer Price of HKD0.93 per Offer Share (exclusive of brokerage fee of 1.0%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%). Based on the Offer Price of HKD0.93 per Offer Share, the net proceeds from the Share Offer to be received by the Company, after (i) deduction of underwriting fees and estimated expenses payable by the Group in connection with the Share Offer; and (ii) the exercise of the Offer Size Adjustment Option, are estimated to be approximately HKD90.9 million. The total amount of fees and expenses in connection with the Share Offer is estimated to be approximately HKD16.1 million. The Company intends to apply such net proceeds in accordance with the purposes set out in the section headed ‘‘Future plans and use of proceeds’’ in the Prospectus. 

Company Quote

0.71
-0.01 -1.39%
24 Dec 2014