CT Environmental Group Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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CT Environmental Group Ltd Announces Partial Exercise Of Over-Allotment Option
CT Environmental Group Ltd announced that the Over-allotment Option has been partially exercised by the Joint Global Coordinators on behalf of the International Underwriters on October 17, 2013 in respect of an aggregate of 22,082,000 additional Shares, representing in aggregate approximately 6.49% of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option. The Over-allotment Shares will be allotted and issued by the Company at HKD1.48 per Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%), being the Offer Price per Share under the Global Offering. The additional net proceeds to be received by the Company upon the allotment and issue of the 22,082,000 Over-allotment Shares are approximately HKD31.7 million which will be used by the Company on a pro rata basis for the same purposes as set out in the section Future Plans and Use of Proceeds in the Prospectus.
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