Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Wright Reports
$75.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Trigiant Group Ltd Announces Placing Of Existing Shares And Subscription Of New Shares Under General Mandate


Tuesday, 8 Oct 2013 06:12pm EDT 

Trigiant Group Ltd announced that on October 8, 2013, (1) the Vendor, the Controlling Shareholder, the Company and the Joint Placing Agents entered into the Placing Agreement pursuant to which the Vendor agreed to appoint and the Joint Placing Agents, as the joint placing agents of the Vendor, agreed to act as agents for the Vendor to procure Placees on a best efforts basis for a maximum of 115,000,000 Placing Shares at the Placing Price of HKD3.15 per Placing Share; and (2) the Vendor and the Company entered into the Subscription Agreement pursuant to which the Vendor conditionally agreed to subscribe for the Subscription Shares at the Subscription Price of HKD3.15 per Subscription Share which is equivalent to the Placing Price. The number of Subscription Shares will be equal to the number of Placing Shares. The Subscription is conditional upon (i) completion of the Placing; and (ii) the Stock Exchange granting the listing of, and permission to deal in, the Subscription Shares. Assuming that the maximum number of 115,000,000 Placing Shares are placed to the Placees in full, the maximum gross proceeds from the Subscription will be approximately HKD362.3 million and the maximum net proceeds will be approximately HKD352.4 million. The Company intends to use such net proceeds as general working capital of the Group and for repayment of debt. 

Company Quote

2.05
0.02 +0.99%
1:45am EDT