Brief: Kingsoft Corp Updates On Proposed Listing Of Beijing Office Software On Sci-Tech Board

Kingsoft

05/11/2019 15:04

Nov 5 (Reuters) - Kingsoft Corp Ltd  3888.HK :
    * UPDATES ON PROPOSED LISTING OF BEIJING OFFICE SOFTWARE ON
SCI-TECH BOARD
    * EXPECTS BEIJING OFFICE SOFTWARE WILL ISSUE 101 MILLION
SHARES
FOR SUBSCRIPTION ON SCI-TECH BOARD, 28.06% OF ITS TOTAL ISSUED
SHARES AS AT NOV 6
    * EQUITY INTEREST OF CO IN BEIJING OFFICE SOFTWARE IS
EXPECTED TO
DECREASE TO ABOUT 52.71%
    * LISTING OF AND DEALINGS IN ORDINARY SHARES OF BEIJING
OFFICE
SOFTWARE ON SCI-TECH BOARD EXPECTED TO COMMENCE ON 18 NOV 2019
    * IT IS EXPECTED THAT OFFER PRICE OF BEIJING OFFICE SOFTWARE
IS
RMB45.86 PER SHARE
    * ESTIMATED THAT BEIJING OFFICE SOFTWARE WILL RECEIVE TOTAL
PROCEEDS OF RMB 4.63 BILLION

Source text for Eikon:  ID:nHKS8Dd9Rc 
Further company coverage:  3888.HK 

 (Reuters.Briefs@thomsonreuters.com)