Cheever Capital Management (Asia) Limited (BVI)
Inno-Tech (8202) issues shares to 4 subscribers and signs consultancy agreement with Galaxy Capital Ltd
| Supplemental announcement
Company announcement, 14-Jan-2010
They are Galaxy China Special Situation Fund SPC for 34.5m shares (6.76%), Galaxy China Deep Value Fund for 65m shares (3.16%), Cheever Capital Management (Asia) Ltd for 20.8m shares (3.44%), and Chen Zhi Cheng for 22,465,427 shares (3.71%). The issue is at a 19.7% discount to market. The Consultant would get 10.74% of Inno-Tech on completion of acquisition of a target identified by the Consultant.
Company announcement, 14-Jan-2010
They are Galaxy China Special Situation Fund SPC for 34.5m shares (6.76%), Galaxy China Deep Value Fund for 65m shares (3.16%), Cheever Capital Management (Asia) Ltd for 20.8m shares (3.44%), and Chen Zhi Cheng for 22,465,427 shares (3.71%). The issue is at a 19.7% discount to market. The Consultant would get 10.74% of Inno-Tech on completion of acquisition of a target identified by the Consultant.
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