GLONGHUI January 31 | Tesson Holdings (01201.HK) announced that all the conditions set out in the articles of association have been fulfilled, and the stock offering will be unconditional on January 9, 2024 (Tuesday).
At 4:00 p.m. on January 24, 2024 (Wednesday) (that is, the final time limit for acceptance of shares offered and payment of additional shares and payment of related shares): (i) received valid acceptance of the provisional quota under 15 provisional quota notices, involving a total of 590,351,833 shares offered, accounting for the maximum number of issued shares of 1,112,615,025 shares of the outstanding shares; and (ii) received 2 additional application forms for additional shares under the share offering Valid applications involving a total of 3,013,750 shares offered Shares account for approximately 0.27% of the highest number of shares offered for issuance under the share offering, that is, 1,112,615,025 shares.
A total of 17 valid admissions and applications involving a total of 593,365,583 shares have been accepted and applied for, accounting for approximately 53.33% of the maximum number of shares offered for issuance under the share offering, which is 1,112,615,025 shares.
In accordance with the irrevocable undertaking, Beijian International Limited has accepted and subscribed for 581,920,899 shares to be provisionally allotted in accordance with its provisional quota notice. At 4:00 p.m. on January 24, 2024 (Wednesday), no valid application for additional shares was received from Beijian International Limited under the Additional Application Form. According to the above results, 519,249,442 shares of the offered shares have not been subscribed, accounting for about 46.67% of the maximum number of shares offered for issuance under the share offering, which is 1,112,615,025 shares.
The total proceeds raised from the stock offering were approximately HK$59.3 million, while the net proceeds from the offering after deducting expenses were estimated to be approximately HK$57.9 million.