China's Xinhua TV (08356) and the offender Shunleetat (BVI) Limite...
According to the Zhitong Finance App, China's Xinhua TV (08356) and the offender Shunleetat (BVI) Limited jointly announced that according to the terms and conditions of the share subscription agreement, all share subscription conditions have been fulfilled and the share subscription matters have been completed on April 15, 2024. According to the terms and conditions of the share subscription agreement, a total of 1,667 billion subscribed shares (accounting for about 29.1% of the company's issued share capital after the completion of the share subscription matters were allocated and extended by issuing subscription shares) have been allocated and issued to Mr. Jane at the subscription price of HK$0.012 per share under a special share authorization. The net proceeds from the share subscription were approximately HK$19.9 million.
Furthermore, all prerequisites under the convertible bond subscription agreement A have been fulfilled and the issuance of convertible bond A with a total principal amount of HK$64,1279 million to the seller was implemented on April 15, 2024. According to the terms and conditions of convertible bond subscription agreement A, interest on overdue existing convertible bonds has completely offset the subscription price of convertible bond A.
All prerequisites under the convertible bond subscription agreement B have been fulfilled and the issuance of convertible bond B with a total principal amount of HK$16.24 million to the seller was implemented on April 15, 2024. According to the terms and conditions of the convertible bond subscription agreement B, the portion owed to the seller that has not paid the broadcast fee of HK$16.24 million has completely offset the subscription price of convertible bond B.
According to reports, at 4:00 p.m. on April 15, 2024 (Monday), the offender received valid acceptance of a total of 146 million shares offered under the share offer, accounting for about 2.6% of the total issued share capital of the company after the expansion of allotment and issuance of subscription shares and at the date of this joint announcement.
The acceptance conditions have been met, and the share offer was unconditional in all respects at 4 p.m. on April 15, 2024 (Monday).