[ET Net News Agency, 31 December 2019] China Ever Grand Financial Leasing Group Co.,
Ltd. (00379) said it has agreed to place up to 2.38 billion placing shares at the placing
price of HK$0.014 per placing share.
The maximum of 2.38 billion placing shares represents approximately 16.7% of the issued
share capital of the company as enlarged by the allotment and issue of all the placing
shares. The placing price of HK$0.014 represents a discount of approximately 12.5% to the
closing price of HK$0.016 per share on 30 December 2019.
The gross proceeds will be HK$33.37 million. The net proceeds are estimated to be
approximately HK$32.2 million. The company intends to apply approximately HK$26 million as
expansion of the food additive business, and the remaining HK$6.2 million as general
working capital of the group. (RC)