Brief: Classified Group (Holdings) Proposes To Implement Share Consolidation

THAC (Holdings)

07/07/2023 01:54

July 7 (Reuters) - Classified Group (Holdings) Ltd
 8232.HK :
    * PROPOSES TO IMPLEMENT SHARE CONSOLIDATION
    * SHARE CONSOLIDATION ON BASIS THAT EVERY 20 SHARES OF
HK$0.01
EACH WILL BE CONSOLIDATED INTO 1 SHARE OF HK$0.2 EACH
    * BOARD PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF THREE
RIGHTS SHARES FOR EVERY TWO CONSOLIDATED SHARES
    * ESTIMATED NET PROCEEDS FROM RIGHTS ISSUE ARE ESTIMATED TO
BE
APPROXIMATELY HK$12.75 MILLION
    * WILTSHIRE GLOBAL AND PEYTON GLOBAL ARE INTERESTED IN 41.3
MILLION EXISTING SHARES AND 68 MILLION EXISTING SHARES IN CO
RESPECTIVELY
    * WILTSHIRE GLOBAL HAS UNDERTAKEN TO CO IT WILL SUBSCRIBE
FOR 3.1
MILLION RIGHTS SHARES
    * PEYTON GLOBAL HAS UNDERTAKEN TO COMPANY THAT IT WILL
SUBSCRIBE
FOR 5.1 MILLION RIGHTS SHARES

Source text for Eikon:  ID:nHKS85rtNN 
Further company coverage:  8232.HK 

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