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Hong Wei (Asia) Holdings Co Ltd announces listing on growth enterprise market of stock exchange of Hong Kong Limited by way of placing


Monday, 6 Jan 2014 05:16pm EST 

Hong Wei (Asia) Holdings Co Ltd:Says the placing price of its offering is HK$0.39 per placing share (excluding brokerage fee of 1%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%).Says initial 177,780,000 placing shares offered by the company under the placing were moderately oversubscribed.Says pursuant to the Placing, 177,780,000 placing shares have been conditionally allocated to a total of 300 selected professional, institutional, individual and other investors.Says the net proceeds to be received by the Company from the placing, after deducting underwriting fees and other expenses, legal and other professional fees together with applicable printing and other charges and expenses relating to the placing are about HK$54 mln. 

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