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Fairson Holdings Ltd Announces Placing Of New Shares


Friday, 26 Apr 2013 10:42am EDT 

Fairson Holdings Ltd announced that on April 26, 2013, the Company and Yuanta Securities (Hong Kong) Company Limited (the Placing Agent) entered into the Placing Agreement, pursuant to which the Placing Agent has conditionally agreed to place, on behalf of the Company, a maximum of 110,000,000 Placing Shares, on a best efforts basis, to not less than six Placees at the Placing Price of HKD0.12 per Placing Share. The Placing Shares represent approximately 20.0% of the existing issued share capital of the Company as at the date of this announcement and approximately 16.7% of the issued share capital of the Company as enlarged by the Placing. The maximum gross proceeds from the Placing will be approximately HKD13.2 million. The maximum net proceeds from Placing are estimated to be approximately HKD13.0 million, which will be used as general working capital of the Group and/or for financing future investment opportunities. 

Company Quote

0.128
0.0020 +1.59%
3:43am EDT