Murtsa Capital Management Limited (WS)
Imagi (0585) proposes share issue to VMS Investment Group Ltd
| Termination
Company announcement, 11-May-2018
This exhausts the 20% general issue mandate. The HK$124m net subscription proceeds would be distributed as part of a $172m special dividend, so this becomes an exercise in changing the ownership structure. VMS would have 16.67% while Enerchina (0622) would be diluted to 16.48% and Murtsa Capital to 5.74%. Their combined holding would be 38.89%, over the 30% takeover threshold if they are acting in concert. Update: on 4-Jul-2018 the deal was terminated due to "protracted regulatory processes".
Company announcement, 11-May-2018
This exhausts the 20% general issue mandate. The HK$124m net subscription proceeds would be distributed as part of a $172m special dividend, so this becomes an exercise in changing the ownership structure. VMS would have 16.67% while Enerchina (0622) would be diluted to 16.48% and Murtsa Capital to 5.74%. Their combined holding would be 38.89%, over the 30% takeover threshold if they are acting in concert. Update: on 4-Jul-2018 the deal was terminated due to "protracted regulatory processes".
Imagi (0585) swaps 16.01% of itself for 0.62% of HengTen (0136)
Company announcement, 29-Feb-2016
As a result, HEC Capital, one of the hubs in what we call the "Chung Nam Network" will, via its 100% subsidiary, own 16.01% of Imagi.
Company announcement, 29-Feb-2016
As a result, HEC Capital, one of the hubs in what we call the "Chung Nam Network" will, via its 100% subsidiary, own 16.01% of Imagi.
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