Core Viewpoint - Saint Martin International (00482) has proposed a capital restructuring plan involving share consolidation, capital reduction, share split, and share premium reduction to offset accumulated losses and improve its financial position [1][2] Group 1: Capital Restructuring Details - The proposed share consolidation will merge every 10 existing shares with a par value of HKD 0.10 into 1 share with a par value of HKD 1.00, with any fractional shares being cancelled [1] - The capital reduction will involve cancelling any fractional shares resulting from the consolidation and reducing the par value of each consolidated share from HKD 1.00 to HKD 0.10 [1] - Following the capital reduction, the company will split each unissued consolidated share with a par value of HKD 1.00 into 10 shares with a par value of HKD 0.10 [1] - The share premium account will be reduced to zero as part of the restructuring [1] Group 2: Fundraising and Loan Repayment - After the capital restructuring takes effect, the company plans to conduct a rights issue at a subscription price of HKD 0.75 per share, offering 123,040,372 shares to raise approximately HKD 92.3 million [2] - The maximum net proceeds from the rights issue are expected to be around HKD 90.2 million, with approximately HKD 69.1 million allocated for repaying principal on loans and HKD 21.1 million for repaying outstanding interest on Loan B [2]
圣马丁国际(00482)拟进行股本重组和实施供股