FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS Sample Clauses

FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. The Company has not conducted any equity fund raising activities during the 12 months immediately preceding the date of this announcement.
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. During the past 12 months immediately preceding the date of this announcement, the Company has conducted the following equity fund raising activity: Date of announcement Event Net proceeds Intended use of proceeds Actual use of proceeds 11 July 2014, 3 September 2014, 15 October 2014, 22 October 2014, 29 October 2014 Placing of convertible notes approximately HK$599,600,000
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. At the annual general meeting of the Company held on 23 May 2012, a general mandate was granted to the Directors to allot, issue and deal with not more than 199,144,000 Shares, representing 20% of the issued share capital of the Company at the date of the passing of the resolution. As at the date of this announcement, no Shares have been allotted and issued by the Directors pursuant to such general mandate. Apart from the issue of the Convertible Notes and Warrants, the Company has not raised any fund by issuing of equity securities during the 12 months immediately preceding the date of this announcement.
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. The Company has conducted the following equity fund raising exercises in the past twelve months immediately prior to the date of this announcement: Date of announcement Equity fund raising exercise Net proceeds raised Intended use of proceeds Actual use of proceeds 28 May 2018 Allotment and issue of an aggregate of 95,660,000 Existing Shares at HK$0.128 each to an independent subscriber (the number of Existing Shares was adjusted to 76,500,000 pursuant to a supplemental agreement entered into between the Company and the independent subscriber on 26 June 2018) Approximately HK$9,750,000 For general working capital of the Group and development of the Group’s daily consumer goods trading and esmart terminal businesses. Approximately HK$9,750,000 has been used for general working capital. 27 April 2018 Allotment and issue of an aggregate of 306,875,000 Existing Shares at HK$0.128 each to 5 independent subscribers Approximately HK$39,200,000 For general working capital of the Group and development of the Group’s daily consumer goods trading and esmart terminal businesses. Approximately HK$39,200,000 has been used for general working capital and development of the Group’s daily consumer goods trading and esmart terminal businesses. The actual uses of proceeds from the abovementioned equity fund raising exercises are set out as follows:
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. The Company conducted the following equity fund raising activities during the twelve months immediately preceding the date of this announcement: Date of announcement Completion date Fund raising activities Net proceeds raised (approximately) Intended use of proceeds Actual use of proceeds
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. The Company has conducted the following equity fund raising exercises in the past twelve-month period immediately before the date of this announcement: Initial public offering In October 2012, the Company had raised approximately HK$73.5 million by way of an initial public offering on GEM. Set out below are the details of the intended use and actual use of proceeds up to the date of this announcement: Intended use of proceeds Actual use of proceeds HK$’million Up to HK$60.0 million for the Group’s film production business 26.3 Up to HK$11.0 million for investing in post-production equipment – Balance of HK$2.5 million for the Group’s general working capital 2.5 The unutilised proceeds have been deposited in the Group’s bank accounts located in Hong Kong. Placing On 6 August 2013, the Company issued and allotted 70,000,000 new Shares at a price of HK$0.90 per Share pursuant to a placing agreement dated 19 June 2013 under the General Mandate. As disclosed in the Company’s announcement dated 19 June 2013, the net proceeds from the placing of approximately HK$61.3 million was intended to be used for financing the Group’s possible acquisition of certain interests in a group of companies which is principally engaged in comic publication. Up to the date of this announcement, the net proceeds of approximately HK$30.0 million have been utilised as a refundable deposit paid to the vendor of the acquisition and the remaining amount has been deposited in the Group’s bank accounts located in Hong Kong.
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. Save for the issue of the 40,000,000 February 2014 Warrants with a subscription price of RMB2.07 (approximately HK$2.65) per Share, which are currently out of money and the grant of options, the Company has not conducted any fund raising activities in the past twelve months before the date of this announcement. The net proceed raised from the placing of the 40,000,000 February 2014 Warrants was HK$500,000 and has been applied as general working capital of the Company. IMPLICATIONS UNDER THE LISTING RULES Pursuant to Rule 15.02(1) of the Listing Rules, the Shares to be issued on exercise of the Warrants must not, when aggregated with all other equity securities remain to be issued on exercise of any other subscription rights, if all such rights were immediately exercised, whether or not such exercise is permissible, exceed 20% of the issue share capital of the Company at the time the Warrants are issued. As at the date of this announcement, save for the 40,000,000 February 2014 Warrants which entitled the holders thereof to subscribe for 40,000,000 Shares at a subscription price of RMB2.07 (approximately HK$2.65) per Shares and the 12,082,000 options (of which 3,080,000 options entitled holders to subscribe for Shares at an exercise price of HK$1.275 per Share and 9,002,000 options entitled holders to subscribe for Shares at an exercise price of HK$2.50 per Share), there are no equity securities of the Company with subscription rights outstanding and not yet exercised. Assuming there is no further issue or repurchase of the Shares, upon the full exercise of the subscription rights attaching to the Warrants, 70,000,000 new Shares will be issued, which represent approximately 3.59% of the existing issued share capital of the Company and approximately 3.47% of the issued share capital as enlarged by the issue of the Shares under the Warrants. Assuming the subscription rights attached to the 40,000,000 February 2014 Warrants issued by the Company and the outstanding 12,082,000 options granted under the Company’s share option scheme, which are now out of money, are exercised in full, the 70,000,000 Shares will represent approximately 3.38% of the issued share capital as enlarged by the issue of the Shares to be issued upon exercise in full of the subscription rights attached to the Warrants, the February 2014 Warrants and the options. Accordingly, the issue of the Warrants is in compliance with Rule 15.02(1) of the Listing Rules.
Sample 1
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FUND RAISING ACTIVITIES IN THE PAST TWELVE MONTHS. The Group has not conducted any fund raising activities within 12 months immediately before the date of this announcement. CONNECTED TRANSACTION The Placing Agent is a licensed corporation under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) to carry out type 1 (dealing in securities) regulated activity. The ultimate beneficial owner of the Placing Agent, Ms. Au Xxxx Xxxx Xxxxxx, is an associate of Xx. Xxx Xxx Xxx, a former director of the Company within the preceding 12 months, and is therefore a connected person of the Company within the meaning of Rule 14A.11 of the Listing Rules. The Placing therefore is a connected transaction for the Company under Chapter 14A of the Listing Rules. The Placing Agent will receive a placing commission of 2% on the gross proceeds of the Placing, which was determined after arm’s length negotiation between the parties with regard to the prevailing market practice. Assuming that the Placing Shares are fully placed, the Placing Agent will receive a placing commission of HK$3,240,000 in cash to be deducted from the placing proceeds. As the relevant percentages under Rule 14.07 of the Listing Rules is less than 2.5%, the Placing is subject only to the reporting and announcement requirements and is exempt from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
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