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1912 Contel Technology Co News Story

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Brief: Contel Technology To Issue 271.23 Million New Shares At HK$0.365 Per Share

BRIEF-Contel Technology To Issue 271.23 Million New Shares At HK$0.365 Per Share

- Contel Technology Co Ltd 1912.HK:

  • CO TO ISSUE 271.23 MILLION NEW SHARES AT HK$0.365 PER SHARE

  • SUBSCRIPTION TO RAISE GROSS HK$99 MILLION, NET HK$98.7 MILLION

  • PLACING TO RAISE GROSS HK$21.2 MILLION, NET HK$21 MILLION

  • POSSIBLE UNCONDITIONAL MANDATORY CASH OFFER FOR ALL ISSUED SHARES OF CONTEL

  • OFFER PRICE OF HK$0.365 PER OFFER SHARE


Further company coverage: 1912.HK


((Reuters.Briefs@thomsonreuters.com;))

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