Key Developments: Blue Sky Power Holdings Ltd (6828.HK)

6828.HK on Hong Kong Stock

0.39HKD
4 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Blue Sky Power Holdings Ltd announces issue of bonds
Friday, 13 Feb 2015 07:20am EST 

Blue Sky Power Holdings Ltd:Says the company and subscriber entered into subscription agreement pursuant to which the company has agreed to issue HK$7,000,000 in aggregate principal amount of 7 pct. coupon bonds and subscriber has agreed to purchase bonds from the company.Net proceeds (after deducting the placing commissions and other related costs and expenses) will be utilised for financing expansion of natural gas business of the company and as general working capital of the company.  Full Article

Blue Sky Power Holdings Ltd announces placing of bond
Friday, 30 Jan 2015 05:21am EST 

Blue Sky Power Holdings Ltd:Says the company and the placing agent entered into the placing agreement.Says pursuant to which the placing agent has agreed to act as the placing agent, on a best effort basis, for the purposes of arranging Placees to subscribe for Bonds up to an aggregate principal amount of HK$50,000,000 within the Placing Period.Says assuming the bonds are placed in full, the maximum aggregate principal amount of the Placing will be HK$50,000,000.Says net proceeds (after deducting the placing commission and other related costs and expenses) will be utilised for financing the expansion of natural gas business of the Company and as general working capital of the Group.  Full Article

Blue Sky Power Holdings Ltd announces placing of bonds
Wednesday, 28 Jan 2015 09:43am EST 

Blue Sky Power Holdings Ltd:Enters into the Placing Agreement pursuant to which the Placing Agent has agreed to act as the placing agent, on a best effort basis, for the purposes of arranging Placees to subscribe for Bonds up to an aggregate principal amount of HK$50,000,000 within the Placing Period.Interest of 8 pct per annum, accrued daily on a 365 days basis and payable twice per annum (on 30 June and Dec. 31 of each year) in arrears, up to the maturity date of the relevant Bonds.Period commencing from the date of the Placing Agreement and ending on the date falling 18 months from the date of the Placing Agreement.Net proceeds will be utilised for financing the expansion of natural gas business of the company and as general working capital of the Group.  Full Article

Blue Sky Power Holdings Ltd completes acquisition of entire issued share capital in Well Organising Group Company Ltd
Wednesday, 28 Jan 2015 09:38am EST 

Blue Sky Power Holdings Ltd:Completes the acquisition of entire issued share capital of Well Organising Group Company Ltd.Upon Completion, the Target Company becomes an indirect wholly-owned subsidiary of the Company and the financial results of the Target Group will be consolidated into the financial statements of the Group.  Full Article

Blue Sky Power Holdings Ltd announces change of auditors
Monday, 26 Jan 2015 07:41am EST 

Blue Sky Power Holdings Ltd:Says BDO has resigned as the auditors of the company with effect from Jan. 26.The board proposed to appoint Deloitte as the auditors of the company to fill the casual vacancy following the resignation of BDO and to hold office until the conclusion of the forthcoming annual general meeting of the company.  Full Article

Blue Sky Power Holdings Ltd announces completion of acquisition of 55 pct equity interest in Huanggang City Central Corfu Natural Gas Co Ltd
Wednesday, 17 Dec 2014 05:52am EST 

Blue Sky Power Holdings Ltd:Says acquisition of the sale shares.Says that all conditions precedent under the agreement have been fulfilled and that the Completion took place on Dec. 17, 2014.Says it will allot and issue 31,676,690 Shares to the Vendor in accordance with the terms of the Agreement.Upon Completion, the Target became a 55 pct indirect non-wholly-owned subsidiary of the company and the financial results of the target will be consolidated into the financial statements of the group.  Full Article

Blue Sky Power Holdings Ltd announces completion of acquisition of 75 pct equity interest in Sichuan Rich Reid Energy Development Co. Ltd
Friday, 12 Dec 2014 06:20am EST 

Blue Sky Power Holdings Ltd:Says that all conditions precedent under the agreement have been fulfilled and that the completion took place on Dec. 12.Says it will allot and issue 30,611,480 Shares to the Vendors in accordance with the terms of the agreement.Upon Completion, the Sichuan Rich Reid Energy Development Co became a 75 pct indirect non-wholly-owned subsidiary.  Full Article

Blue Sky Power Holdings Ltd's indirect subsidiary announces acquisition of 55pct equity interest in Huanggang City Central Corfu Natural Gas Company Ltd
Thursday, 9 Oct 2014 09:17am EDT 

Blue Sky Power Holdings Ltd's indirect subsidiary:Enters into agreement pursuant to which the Vendor agreed to sell and the Purchaser agreed to acquire the Sale Shares, representing 55pct equity interest in the Target, at a consideration of 10,000,000 yuan.Says of which it shall be satisfied by the issue of 3,167,669 Consideration Shares at the price of HK$3.99 per Consideration Share (or HK$0.399 after the Share Subdivision becoming effective).Upon completion of acquisition, the Group will indirectly own 30.25pct effective interest in the Target which will become a non-wholly owned subsidiary of the Group.Target is engaged in the implementation and utilization of natural gas project in Huanggang City, Hubei Province, the PRC.  Full Article

Blue Sky Power Holdings Ltd announces placing of convertible bonds
Tuesday, 30 Sep 2014 10:48am EDT 

Blue Sky Power Holdings Ltd:Enters into the placing agreement with the placing agent pursuant to which the placing agent agreed to act as the placing agent for the purposes of procuring the Placees on a best effort basis to subscribe for the convertible bonds in the principal amount of up to HK$50,000,000.Based on the initial Conversion Price of HK$3.94 per Conversion Share, 12,690,355 Conversion Shares will be allotted and issued upon exercise of the conversion rights attaching to the Convertible Bonds placed by the Placing Agent in the principal amount of HK$50,000,000 in full.Represents about 2.81pct of the existing issued share capital of the Company and about 2.73pct of the issued share capital of the Company as enlarged by the issue of Conversion Shares.Net proceeds from the issue of the Convertible Bonds in an aggregate principal amount of HK$50,000,000 under the placing agreement are estimated to be about HK$48,000,000.Intend to apply the net proceeds from the issue of Convertible Bonds for financing the expansion of natural gas business of the Company and as general working capital of the Group.  Full Article

Blue Sky Power Holdings Ltd enters into further supplemental memorandum of understanding in relation to the proposed acquisition
Tuesday, 30 Sep 2014 06:20am EDT 

Blue Sky Power Holdings Ltd:Refers to the announcement made earlier, in relation to the non-legally binding memorandum of understanding and the three supplemental memorandum of understanding entered into between the purchaser and the vendor in respect of the proposed acquisition.Says as additional time is required for, completing the due diligence works and negotiating the terms for the transaction documents for the proposed acquisition.Says the purchaser and the vendor have entered into a further supplemental memorandum of understanding on Sept. 30 to extend the exclusivity period of the MOU to Oct. 15.  Full Article

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