Brief: CA Cultural Technology Group Proposes To Implement Capital Reorganisation

CA Cultural Technology

15/03/2023 15:24

March 15 (Reuters) - CA Cultural Technology Group Ltd
 1566.HK :
    * BOARD PROPOSES TO IMPLEMENT CAPITAL REORGANISATION
    * CAPITAL REORGANISATION WHERE SHARE CONSOLIDATION TO
CONSOLIDATE
EVERY 10 ISSUED EXISTING SHARES INTO 1 SHARE OF HK$1.00 EACH
    * CAPITAL REORGANISATION BY CANCELLING PAID-UP CAPITAL TO
EXTENT
OF HK$0.99 ON EACH OF ISSUED NEW CONSOL SHARES
    * DEBT RESTRUCTURING SHALL BE IMPLEMENTED BY WAY OF
CREDITORS'
SCHEME
    * DEBT RESTRUCTURING SHALL BE SUBJECT TO CAPITAL
REORGANISATION
HAVING BECOME EFFECTIVE
    * TO ALLOT AND ISSUE 530.8 MILLION SUBSCRIPTION SHARES FOR
HK$94.06 MILLION
    * UNDER CREDITORS' SCHEME A CASH CONSIDERATION OF HK$160
MILLION
WILL BE DISTRIBUTED TO SCHEMECO
    * APPLICATION MADE FOR RESUMPTION OF TRADING IN SHARES WEF
9:00
A.M. ON 16 MARCH

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