Core Viewpoint - China Netcom (01920) plans to issue approximately 112 million subscription shares to China Alliance Venture Technology Limited at a price of HKD 0.3965 per share, representing a premium of about 4.34% over the closing price of HKD 0.380 on the last trading day and the subscription agreement date [1] Summary by Sections - Subscription Details - The company intends to issue around 112 million shares at HKD 0.3965 each [1] - The subscription price reflects a premium of approximately 4.34% compared to the last trading day's closing price [1] - Financial Implications - The net proceeds from the subscription are expected to be approximately HKD 43.9 million [1] - The funds will be utilized to meet the group's operational funding needs, including maintaining daily operations and supporting business development [1]
中国网成(01920)拟溢价约4.34%向主席周振林发行约1.12亿股认购股份 净筹约4390万港元