China Nonferrous Mining (01258) issued an announcement. On April 9, 2024 (before the trading period), the company, the seller...
Zhitong Finance App News, China Nonferrous Mining (01258) issued an announcement. On April 9, 2024 (before the trading period), the company, the seller and the placement agent signed a placement and subscription agreement. According to this, the seller has agreed to appoint a placement agent, and the placement agent has agreed to act as the seller's agent, wholeheartedly encouraging the buyer to purchase a total of up to 163 million existing shares at the placement price; and the seller has agreed to issue a total of up to 163 million new shares to the seller at the same subscription price as the placement price copies, in each case, are subject to the terms set forth in the Placement and Subscription Agreement and Act subject to its conditions.
The number of shares sold accounts for approximately 4.36% of the total number of shares issued at the date of this announcement; and approximately 4.18% of the total number of expanded shares issued after the subscription was completed (assuming that there was no change in the total number of issued shares other than the subscribed shares issued by the company from the date of this announcement until the subscription was completed).
The net proceeds from the subscription process (after deducting all fees, costs and expenses incurred by the company and the seller in connection with the placement and subscription matters) are expected to be approximately HK$972 million. The subscription price is the same as the placement price, at HK$6.0, which is approximately 13.54% off of the closing price of HK$6.94 per share reported on the Hong Kong Stock Exchange on April 8, 2024 (i.e. the trading day immediately before the date of the placement and subscription agreement).