Provider: Thomson Reuters Stock Report
Goldenmars Technology Holdings Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Goldenmars Technology Hldg Ltd Announces Listing On Growth Enterprise Market Of Stock Exchange Of Hong Kong Limited By Way Of Placing
Goldenmars Technology Hldg Ltd announced that the Placing Price of its Placing has been agreed at HKD0.9 per Placing Share (excluding brokerage fee of 1%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%). The initial 60,000,000 Placing Shares offered by the Company under the Placing have been over-subscribed for approximately two times. The Offer Size Adjustment Option has been fully exercised by the Underwriter to require the Company to issue and allot additional 9,000,000 Placing Shares, and such Shares have been fully subscribed. 69,000,000 Placing Shares have been conditionally allocated to a total of 155 selected individual and professional investors. Based on the Placing Price of HKD0.9 per Placing Share, the net proceeds to be received by the Company from the Placing, after deducting underwriting fees and other expenses, are approximately HKD33.8 million. The Directors intend to apply such net proceeds in the following manner: (a) approximately HKD12.3 million (representing approximately 36.5% of the net proceeds) will be used for increase our market share, through, among others, expanding the Company's sales and marketing team, participating in exhibitions worldwide, placing advertisements in electronic and computer product websites; (b) approximately HK$13.0 million (representing approximately 38.5% of the net proceeds) will be used for strengthening the Company's R&D and design capability.
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