董事会建议按于记录日期营业时间结束时合资格股东每持有2股合并股份可获发3股供股股份的基准，以认购价每股供股股份0.30港元发行最多6480万股供股股份(假设除因股份合并导致的股份数目变动外，于记录日期或之前已发行股份数目并无变动)，最多筹集所得款项总额约1940万港元(假设供股获悉数认购)。China 33media (08087) announced that the company plans to conduct a stock consolidation, with the basis being the existing and unissued shares of the company...
According to the Zhitong Finance APP, China 33media (08087) announced that the company plans to conduct a stock consolidation, with the basis being that every 4 existing shares will be consolidated into 1 share.
As of the date of this announcement, the company's statutory share capital is 40 million US dollars, divided into 40 billion shares with a par value of 0.001 US dollars per share. Among them, 0.173 billion shares of existing shares have been issued and fully paid or credited as paid. After the share consolidation takes effect but before the completion of the rights issue, assuming that the number of shares issued from the announcement date to the effective date of the share consolidation remains unchanged, the company's statutory share capital will be 40 million US dollars, divided into 10 billion shares with a par value of 0.004 US dollars per share, of which the issued consolidated shares (fully paid or credited as paid) will be 43.2 million shares.
The board of directors recommends that for each 2 shares of the consolidated shares held by eligible shareholders at the close of business on the record date, they will be entitled to receive 3 shares of the rights issue shares based on a subscription price of 0.30 Hong Kong dollars per share, issuing up to 64.8 million shares of rights issue shares (assuming that the number of shares issued on or before the record date remains unchanged except for changes due to share consolidation), raising a maximum total amount of approximately 19.4 million Hong Kong dollars (assuming full subscription of the rights shares).
The estimated net proceeds from the rights issue (after deducting related expenses) will be up to approximately 19 million Hong Kong dollars. The company plans to use approximately 91.2% of the net proceeds from the rights issue (approximately 17.3 million Hong Kong dollars) to repay the group's outstanding bonds; and approximately 8.8% of the net proceeds from the rights issue (approximately 1.7 million Hong Kong dollars) for increasing the group's general operating funds.
