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Perception Digital Holdings Ltd Announces Placing Of New Shares Under General Mandate

Thursday, 22 Aug 2013 10:20am EDT 

Perception Digital Holdings Ltd announced that on August 22, 2013, Company entered into the Placing Agreement with the China Galaxy International Securities (Hong Kong) Co., Limited (Placing Agent) pursuant to which the Placing Agent has conditionally agreed with Company to endeavor to place up to 186,750,000 Placing Shares to not less than six Placees who are Independent Third Parties at the Placing Price of HKD0.172 per share. The Placing Shares will be allotted and issued under the General Mandate granted to the Directors at the annual general meeting of Company held on May 31, 2013. As at the date of this announcement, no Shares have been allotted and issued pursuant to the General Mandate. The 186,750,000 Placing Shares to be allotted and issued will utilize the General Mandate, representing 20% of the existing issued share capital of Company as at the date of this announcement, and approximately 16.67% of the enlarged issued share capital of Company immediately following the Placing. Since the Placing Shares will be allotted and issued under the General Mandate, no further Shareholders’ approval is required. Assuming all the Placing Shares were placed at the Placing Price, the gross proceeds and net proceeds from the Placing will be approximately HKD32.1 million and HKD31.0 million, respectively, of which approximately 50% will be used for general working capital, and 50% will be used for reduction of the Group’s indebtedness. 

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19 Dec 2014