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Green International Holdings Ltd Announces Top-Up Placing Of Existing Shares And Top-Up Subscription Of New Shares


Wednesday, 20 Nov 2013 05:57am EST 

Green International Holdings Ltd announced that on November 20, 2013, after trading hours, the Company entered into the Top-up Placing and Top-up Subscription Agreement with the Vendor and the Placing Agent pursuant to which the Vendor agreed to place, through the Placing Agent, on a best effort basis, up to 54,000,000 Top-up Placing Shares to no fewer than six Placees who and whose ultimate beneficial owners are to be third parties independent of the Company and not connected persons (as defined in the Listing Rules) of the Company and its connected persons (as defined in the Listing Rules) and shall be independent of, and not acting in concert with, the Vendor and the parties acting in concert with it, at the Top-up Placing Price of HKD0.24 per Top-up Placing Share. Pursuant to the Top-up Placing and Top-up Subscription Agreement, the Vendor conditionally agreed to subscribe for a number of new Shares equivalent to the number of Top-up Placing Shares actually placed by the Placing Agent. The Completion of the Top–up Subscription is conditional upon the Listing Committee of the Stock Exchange granting or agreeing to grant the listing of and permission to deal in the Top-up Subscription Shares; and the completion of the Top-up Placing. The gross proceeds and net proceeds from the Top-up Subscription will be approximately HKD12.96 million and HKD12.71 million respectively, which are intended to be used as working capital of the Group. 

Company Quote

0.58
0.05 +9.43%
22 Aug 2014