Examples of Placing Shares in a sentence
GENERAL The Placing is not subject to Shareholders’ approval as the Placing Shares will be issued under the General Mandate.
The maximum aggregate nominal value of the Placing Shares under the Placing will be HK$36,000,000.
Huatai Financial Holdings (Hong Kong) Limited The Placing Haitong and Huatai have agreed to act as the placing agents of the Company and on a best effort basis, to procure Placees to subscribe for up to an aggregate of 289,546,000 Placing Shares, and Haitong has agreed to, on a fully-underwritten basis, to subscribe for or procure Placees to subscribe for 70,454,000 Placing Shares, at the Placing Price of HK$2.20 per Placing Share.
Application will be made by the Company to the Listing Committee of the Stock Exchange for the grant of the listing of, and permission to deal in, the Placing Shares.
Assuming all the Placing Shares are placed, it is estimated that the gross proceeds from the Placing will be HK$792.0 million and the net proceeds, after deducting the placing fee and other costs and expenses, will be approximately HK$779.0 million, representing a net placing price of approximately HK$2.16 per Placing Share.