Brief: Tiangong International Says Possible Deemed Disposal

Tiangong International

21/12/2023 17:10

Dec 21 (Reuters) - Tiangong International Co Ltd
 0826.HK :
    * POSSIBLE DEEMED DISPOSAL AND NOTIFIABLE TRANSACTION IN
RELATION
TO PROPOSED LISTING OF TG TECH ON BSE
    * PROPOSED THAT TG TECH WILL ISSUE NEW SHARES TO UNSPECIFIED
QUALIFIED INVESTORS BY COMBINATION OF PLACING AND ONLINE BIDDING
    * EXPECTED THAT NUMBER OF TG TECH SHARES TO BE OFFERED WILL
BE NOT
MORE THAN 60 MILLION  SHARES
    * SUBMITTED A FORMAL APPLICATION TO BSE IN RESPECT OF TG
TECH
LISTING
    * TG TECH SHARES WILL CEASE TO BE QUOTED ON NEEQ ON FIRST
DAY OF
LISTING OF TG TECH ON BSE
    * ACCORDING TO PROPOSAL, EXPECTED GROSS PROCEEDS TO BE
RAISED BY
TG TECH WILL BE APPROXIMATELY RMB360 MILLION


Further company coverage:  0826.HK 

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