[ET Net News Agency, 17 September 2019] Shunten International (Holdings) Limited
(00932) clarifies that the initial conversion price of the placing shall be HK$0.432 per
conversion share instead of HK$0.43 per conversion share. The company and the placing
agent today entered into a supplemental letter to the placing agreement to confirm and
agree that the initial conversion price should be HK$0.432 per conversion share instead of
HK$0.43 per conversion share.
The initial conversion price of HK$0.432 represents a premium of approximately 2.86%
over the closing price of HK$0.42 per share on 16 September 2019, being the date of the
placing agreement.
On the assumption that the convertible bonds would be converted into conversion shares
in full at the initial conversion price, the 462.96 million conversion shares represent
approximately 15.53% of the issued share capital of the company as to be enlarged by the
allotment and issue of the conversion shares. (RC)
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00932 SHUNTEN INTL
Nominal 
0.043 -0.001 (-2.273%) Disclosure of Interest
17/09/2019 14:20
Shunten Int'l (00932) adjusts placing price to HK$0.432
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