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China Oilfield Services Ltd announces placing of new H shares under general mandate


Tuesday, 7 Jan 2014 09:53am EST 

China Oilfield Services Ltd:Says that on Jan. 7, the Company entered into the Placing Agreement with the Placing Agents in relation to the placing of an aggregate of 276,272,000 new H Shares with an aggregate nominal value of 276,272,000 yuan.Says at the Placing Price of HK$21.30 per Placing Share (exclusive of brokerage (if any), the Hong Kong Stock Exchange trading fees and the SFC transaction levy).Says a net Placing Price of HK$21.06 per Placing Share to no fewer than six but no more than ten independent professional, institutional and/or individual investors.Says the Completion is expected to take place on Jan. 15 or such other date as the Company and the Placing Agents may agree in writing.Says the Placing Shares will be allotted and issued by the Company under the General Mandate.Says on the assumption that all Placing Shares are fully placed, the aggregate gross proceeds from the Placing are expected to be about HK$5,884,593,600.00.Says the aggregate net proceeds from the Placing, after deducting the commission and expenses of the Placing, are expected to be about HK$5,819,392,302.91.Says the company intends to use the net proceeds from the Placing for general corporate purposes.Says Placing Agents are China International Capital Corporation Hong Kong Securities Limited, Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities plc, Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. International plc. 

Company Quote

13.1
-0.14 -1.06%
19 Dec 2014