Zhitong Financial APP News, Champion Technology Group (00092) issued an announcement that all the conditions contained in the underwriting agreement have been reached, and the underwriting agreement has not been terminated in accordance with its terms. As a result, the rights issue is becoming unconditional at 04:00 on December 7, 2021.
At 04:00 on Monday, December 6, 2021, the Company has received 31 valid applications relating to a total of about 544 million rights issue shares provisionally allotted under rights issues, accounting for about 26.51% of a total of 2.051 billion rights issue shares available for subscription under rights issues; and 26 valid applications involving a total of about 114 million additional rights issue shares, accounting for about 5.57% of the total number of rights issue shares available for subscription under rights issues. Taken together, a total of 658 million rights issue shares were accepted and applied, accounting for about 32.08% of the total number of rights issue shares available for subscription under the rights issue.
According to the above acceptance and application results, about 1.393 billion rights issue shares are undersubscribed, accounting for about 67.92% of the total 2.051 billion rights issue shares available for subscription under the rights issue. In accordance with the terms of the underwriting agreement, subscribers facilitated by the underwriter subscribe for 1.393 billion underwriting shares.
Trading in the fully paid Rights shares is expected to commence on the Stock Exchange at 9: 00 a.m. on 15 December 2021.
The number of shares traded on the Stock Exchange will be changed from 6000 shares to 24000 shares with effect from 09:00 on 15 December 2021.