[ET Net News Agency, 20 May 2019] CTEH Inc. (01620) said the company placed an order to
subscribe for the allocated shares at the offer price in the IPO of Xinyi Energy (03868)
to the extent of a maximum amount payable of HK$15 million.
In order to increase and maintain its level of shareholding interests in Xinyi Energy,
the company may further acquire Xinyi shares for the period of three months from the
listing date of the Xinyi shares. The estimated aggregate consideration to be payable for
all possible acquisitions shall not exceed HK$8 million, irrespective of whether the final
amount of subscription money payable by the company under the transaction is HK$15
million.
The company considers that Xinyi Energy can achieve long-term development and the
transaction is an attractive investment which would generate potential investment returns
for the group. (RC)
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01620 CINESE INTL
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0.067 +0.009 (+15.517%) Others
20/05/2019 11:12
CTEH (01620) to subscribe for Xinyi Energy (03868) shares
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