Group 1 - The company, Xingda International (01899), announced a subscription agreement with three subscribers to issue approximately 258 million shares at a subscription price of HKD 1.31 per share [1] - The subscription shares represent about 15.5% of the company's existing issued share capital as of the announcement date and approximately 13.42% of the enlarged issued share capital post-issuance [1] - The subscription price of HKD 1.31 per share reflects a discount of approximately 19.63% to the closing price of HKD 1.63 on January 30, 2024, and a discount of about 17.71% to the average closing price of HKD 1.592 over the five trading days preceding the agreement [1] Group 2 - The total expected proceeds from the subscription, assuming full subscription, is approximately HKD 338 million, with a net estimated amount of about HKD 337 million after expenses, equating to a net price of approximately HKD 1.308 per subscription share [1] - The proceeds are intended for the company's general working capital [1] - The three subscribers are primarily engaged in investment holding, including Jinyu Tire (Hong Kong) Co., Limited, HAOHUA TIRE CO., LIMITED, and Changzheng Hong Kong Holdings Limited, subscribing for 133 million shares, 39.9 million shares, and 84.78 million shares, respectively [1]
兴达国际(01899)拟折让19.63%发行约2.58亿股认购股份 净筹约3.37亿港元