Core Viewpoint - St. Martin International (00482) proposes a capital restructuring plan involving share consolidation, capital reduction, share split, and share premium reduction to offset accumulated losses and improve financial standing [1][2] Group 1: Capital Restructuring Details - The company plans to consolidate 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 resulting from the consolidation being cancelled [1] - A capital reduction will occur by cancelling any fractional shares from the consolidated shares and reducing the par value of each issued 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 Debt Repayment - After the capital restructuring, 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 estimated 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]
圣马丁国际拟进行股本重组和实施供股