Common Contracts
1 similar null contracts
THE CORNERSTONE PLACINGFebruary 27th, 2014
We entered into cornerstone investment agreements with a number of investors (the “Cornerstone Investors”), who have agreed to subscribe at the Offer Price for such number of Offer Shares that may be purchased with an aggregate amount of US$30 million. Assuming an Offer Price of HK$2.18, HK$2.43 and HK$2.68, (being the minimum, mid-point and maximum of the Offer Price range set forth in this prospectus), the total number of Offer Shares to be subscribed for by the Cornerstone Investors would be approximately 107,338,000, 96,295,000 and 87,312,000 Offer Shares respectively, representing approximately 2.7%, 2.4% and 2.2% respectively of the Shares upon completion of the Global Offering (assuming that the Over-allotment Option is not exercised).
