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Eternite (8351) launches top-up placing of 72m shares @$0.28 via Cheong Lee Securities Ltd, grants options to Galaxy Capital Ltd | Completion of placing
Company announcement, 8-Apr-2010
The placing shares are 15% of the existing share capital at an 18.4% discount. The deal raises $19.6m net. Simultaneously Eternite grants options to subscribe 24m shares (equal to 5% of the existing shares) to Galaxy Capital Ltd, for services. 53m of the placing shares go to funds advised by Galaxy Asset Management (H.K.) Ltd. The placing comes on the first possible day under the Listing Rules, exactly 6 months after listing on 7-Oct-2009.
Organisations
- CHEONG LEE SECURITIES LIMITED 昌利證券有限公司
- Larry Jewelry International Company Limited 俊文寶石國際有限公司
- Odysseus Capital Asia Limited 奧澌資本亞洲有限公司
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