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Dreameast Group Terminates Placing Agreement After Court Orders Winding Up
Dreameast Group (HKG:0593) said Space Securities, its placing agent, terminated the placing agreement for the issuance of 109.2 million shares to at least six investors after the Hong Kong High Court
Dream Oriental (00593.HK) terminates placement of up to 109 million shares
Gelonghui March 12 | Dream Oriental (00593.HK) announced that it plans to place up to 109 million shares. On March 12, 2024, the Placing Agent terminated the Placing Agreement with immediate effect. Neither party shall file any claim against the other party as a result of the termination of this agreement. According to the placement agreement, the placement agent has the right to terminate the placement agreement before completion due to the company being issued a winding-up order or petition.
Dream Oriental (00593) was ordered liquidated by the Hong Kong High Court and continued to be suspended
Dream Oriental (00593) issued an announcement regarding Forever Union Holdings...
Dream Oriental (00593) suspended intraday trading on the morning of March 11 unknown
Dream Oriental (00593) announced that the purchase of the company's shares was suspended from 11:56 a.m. on March 11, 2024...
Dream Oriental (00593) has reported the case to the Hong Kong police and will resolutely oppose the petition
According to Zhitong Finance App, Dream Oriental (00593) issued an announcement. On November 2, 2023, the company received Forever Union Holdings Limited (Forever Union or the “Petitioner”) to file a winding-up petition against the company with the Hong Kong High Court (High Court) under the Companies (Liquidation and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) on November 1, 2023. According to the petition, the company is alleged to have owed Forever Union RMB 367.952 million, or Forever U
Dream Oriental plans to place up to 109 million shares at a discount of about 15.63%
Dream Oriental (00593) announced that on February 5, 2024, the company entered into a placement agreement with the placement agent. The company has agreed to use the placement agent to place up to 109 million shares at the placement price of HK$0.135 per share according to the best effort basis to no less than six undertakers. The placement shares account for about 16.67% of the expanded company's issued share capital, and HK$0.135 per share is discounted by about 15.63% from the closing price of HK$0.160 per share on February 5. Assuming that up to 109 million of the placed shares have all been placed, the total amount of proceeds and proceeds
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