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Provider: Reuters Investment Profile
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Tong Ren Tang Technologies Co Ltd Announces Placing Of H Shares


Sunday, 1 Sep 2013 06:06am EDT 

Tong Ren Tang Technologies Co Ltd announced that August 30, 2013, the Company entered into the Placing Agreement with the Placing Agent in relation to the Placing, on a best effort basis, of a maximum of 52,392,000 Placing Shares at the Placing Price of HKD23.00 per H Share. The maximum of 52,392,000 Placing Shares represent 20% and approximately 8.91%, respectively, of the existing total issued H Shares and total issued share capital of the Company as at the date of this announcement and approximately 16.67% and 8.18%, respectively, of the total issued H Shares and total issued share capital of the Company as enlarged by the issue of the Placing Shares. The amount of the net proceeds of the Placing calculated based on the maximum of the Placing Shares will be approximately HKD1,169.79 million. The Company intends to use the net proceeds from the Placing to replenish the working capital of the Company. 

Company Quote

13.02
-0.54 -3.98%
3:59am EDT