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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".
Organisations
- Imagi International Holdings Limited 意力國際控股有限公司
- Murtsa Capital Management Limited (WS)
- Oshidori International Holdings Limited
- SEEKERS MARKETS LIMITED 中南金融有限公司
- VMS Investment Group Limited
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