Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03908 CICC
RTNominal up9.280 +0.140 (+1.532%)
Disclosure of Interest

17/10/2019 09:01

CICC (03908) to place H shares for HK$2,534.4 million

[ET Net News Agency, 17 October 2019] China International Capital Corporation Limited
(03908) said it entered into a placing agreement to the place an aggregate of 176 million
new H shares with an aggregate nominal value of RMB176 million at the placing price of
HK$14.4 per placing share to no fewer than six professional, institutional and/or
individual investors.
The placing shares represent approximately 10.187% and 4.198%, respectively, of the
total issued H Shares of the company and the total issued shares of the company prior to
the placing, and approximately 9.245% and 4.029%, respectively, of the total issued H
shares and the total issued shares of the company as enlarged by the allotment and issue
of the placing shares.
The placing price of HK$14.40 per placing share represents a discount of approximately
7.34% to the closing price of HK$15.54 per H shar on 16 October 2019.
On the assumption that all placing shares are fully placed, the aggregate gross proceeds
are expected to be approximately HK$2,534.4 million and the aggregate net proceeds from
the placing are expected to be approximately HK$2,502.14 million after deducting the
expenses of the placing. The company intends to use the net proceeds to replenish the
capital of the company, support the development of the company's existing and new
businesses both domestically and overseas, further increase investment in strategic areas
such as internationalization and seize opportunities for strategic mergers and
acquisitions. (RC)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.