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


Thursday, 17 Oct 2013 08:23am EDT 

Trigiant Group Ltd announced that completion of the Placing took place on October 11, 2013 and as all conditions precedent to completion of the Subscription had been fulfilled, completion of the Subscription took place on October 17, 2013. A total of 115,000,000 Placing Shares have been successfully placed at the Placing Price of HKD3.15 per Placing Share to not less than six Placees. Further, all the conditions of the Subscription have been fulfilled and completion of the Subscription took place on October 17, 2013. A total of 115,000,000 Subscription Shares were subscribed by the Vendor at HKD3.15 per Subscription Share. The number of the Placing Shares represents 11.50% of the issued share capital of the Company immediately before completion of the Subscription; and approximately 10.31% of the issued share capital of the Company as enlarged by the issue of the Subscription Shares. The gross proceeds from the Subscription are approximately HKD362.3 million and the net proceeds from the Subscription, after deducting the placing commission of 2.5% of the aggregate Placing Price for the Placing Shares payable to the Joint Placing Agents under the Placing Agreement and other expenses, are 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

1.38
0.03 +2.22%
19 Dec 2014