于2024年7月12日(交易时段后)，公司与第三认购人订立第三认购协议，据此，公司拟发行而第三认购人有意认购本金额为150万港元的第三可换股债券，于悉数兑换后可按初步兑换价格4.00港元兑换为不多于37.5万股兑换股份。China Baoli Tec (00164) announced that on July 12, 2024 (after trading hours), the company and the first subscriber entered into the first subscription agreement...
According to the announcement by China Baoli Tec (00164), on July 12, 2024 (after trading hours), the company and the first subscriber entered into the first subscription agreement, and as a result, the company intends to issue the first convertible bonds for which the first subscriber intends to subscribe for the principal amount of HKD 2 million. After full conversion, it can be converted into no more than 0.5 million shares at the preliminary conversion price of HKD 4.00 per share.
On July 12, 2024 (after trading hours), the company and the second subscriber entered into the second subscription agreement, and as a result, the company intends to issue the second convertible bonds for which the second subscriber intends to subscribe for the principal amount of HKD 1.5 million. After full conversion, it can be converted into no more than 0.375 million shares at the preliminary conversion price of HKD 4.00 per share.
On July 12, 2024 (after trading hours), the company and the third subscriber entered into the third subscription agreement, and as a result, the company intends to issue the third convertible bonds for which the third subscriber intends to subscribe for the principal amount of HKD 1.5 million. After full conversion, it can be converted into no more than 0.375 million shares at the preliminary conversion price of HKD 4.00 per share.
On July 12, 2024 (after trading hours), the company and the fourth subscriber entered into the fourth subscription agreement, and as a result, the company intends to issue the fourth convertible bonds for which the fourth subscriber intends to subscribe for the principal amount of HKD 1 million. After full conversion, it can be converted into no more than 0.25 million shares at the preliminary conversion price of HKD 4.00 per share.
After exchanging all the first, second, third and fourth convertible bonds at the preliminary conversion price of HKD 4.00 per share, the total of convertible bonds can be exchanged for 1.5 million shares of convertible stock. This is equivalent to (i) approximately 1.54% of the total number of issued shares as of the date of this announcement; and (ii) approximately 1.52% of the total number of issued shares after the issuance and distribution of 1.5 million shares of convertible stock (assuming that there are no other changes in the total number of issued shares from the date of this announcement to the conversion date of convertible bonds). The convertible stocks will be issued and distributed according to the general authorization.
The total amount of funds obtained from the subscription is estimated to be HKD 6 million, and the net amount of funds obtained from the subscription after deducting professional fees and other related costs and expenses is estimated to be approximately HKD 5.5 million. The net issue price per share of convertible stock is approximately HKD 3.66.