According to the Zhitong Finance App, Ligao Holdings (08472) issued an announcement. At 4:00 p.m. on February 16, 2024 (Friday) (that is, the final acceptance time for shares offered), a total of 4 valid applications were received to subscribe for a total of about 468.06 million shares (including 17.94 million shares subscribed by Mr. Tan in accordance with an irrevocable commitment), accounting for about 65% of the total number of shares offered for subscription under the share offering.
At the record date, there were no excluded shareholders, and the number of unsold shares of the excluded shareholders was zero. According to section 10.31 (1) (b) of the GEM listing rules, the company has made arrangements to sell 25.199,400 unsubscribed shares by submitting a proposal to an independent undertaker to sell unsubscribed shares. The benefits belong to the shareholders who were offered as a result of the share offering. No additional application arrangements will be made for the share offering. The Company entered into a placement agreement with the placement agent on November 24, 2023 (after the trading period), which states that unsubscribed shares will be sold to independent undertakers on a best-effort basis during the placement period, and that any premium realized in excess of the subscription price of such offered shares will be paid in proportion to such inactive shareholders. The placement agent will, on a best-effort basis, induce the subscribing party to subscribe for all (or as many as possible) of such unsubscribed shares between February 20, 2024 (Tuesday) and in any case no later than 6:00 p.m. on February 23, 2024 (Friday).
Net income will be paid pro rata (without interest) to relevant eligible shareholders (or persons holding any unpaid share rights when the unpaid share rights expires), after reference to their shares that have not validly applied for unpaid share rights.
The company will not issue any unsubscribed shares that have not been placed even after the placement has been completed, and the size of the offering will be reduced accordingly.