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Aowei Holding Limited — Capital/Financing Update 2013
Dec 22, 2013
49881_rns_2013-12-22_80a6d5d6-88cf-4e40-a20a-10cceb09ed31.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Hong Kong Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC ”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Unless otherwise defined in this announcement, terms defined in the prospectus dated 18 November 2013 (the “ Prospectus ”) issued by Hengshi Mining Investments Limited (the “ Company ”) have the same meanings when used in this announcement.
This announcement is made pursuant to Section 9 of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.
The information contained in this announcement is not for distribution, directly or indirectly, in or into the United States. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States unless they are registered under applicable laws or are exempt from registration under the US Securities Act of 1933, as amended. No public offer of securities of the Company will be made in the United States.
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HENGSHI MINING INVESTMENTS LIMITED 恒實礦業投資有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 1370)
PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION, STABILIZATION ACTIONS AND END OF STABILIZATION PERIOD
PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION
The Company announces that the Over-allotment Option described in the Prospectus was partially exercised by the Joint Global Coordinators, on behalf of the International Underwriters, on 20 December 2013 in respect of an aggregate of 7,843,000 Shares (the “ Over-Allotment Shares ”), representing approximately 2.09% of the Offer Shares initially available under the Global Offering, to cover over-allocations in the International Offering. The Over-Allotment Shares will be allotted and issued by the Company at HK$3.20 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%), being the Offer Price per Share under the Global Offering.
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STABILIZATION ACTIONS AND END OF STABILIZATION PERIOD
The Company further announces that the stabilization period in connection with the Global Offering ended on 21 December 2013, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering. The stabilization actions undertaken during the stabilization period were:
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(1) over-allocations of an aggregate of 26,800,000 Shares in the International Offering, representing approximately 7.15% of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option;
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(2) the borrowing of an aggregate of 26,800,000 Shares from Hengshi International Investments Limited pursuant to the Stock Borrowing Agreement to cover the overallocations in the International Offering;
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(3) the partial exercise of the Over-allotment Option by the Joint Global Coordinators, on behalf of the International Underwriters, on 20 December 2013 in respect of an aggregate of 7,843,000 Shares, representing approximately 2.09% of the total number of Offer Shares initially available under the Global Offering, at the Offer Price per Share; and
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(4) the purchase of an aggregate of 18,957,000 Shares in the price range of HK$2.63 to HK$3.20 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%) on the market during the stabilization period.
The last purchase made by the Stabilizing Manager on the market during the course of stabilization period was on 19 December 2013 at the price of HK$2.77 per Share.
PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION
The Company announces that the Over-allotment Option described in the Prospectus was partially exercised by the Joint Global Coordinators, on behalf of the International Underwriters, on 20 December 2013 in respect of an aggregate of 7,843,000 Shares, representing approximately 2.09% of the Offer Shares initially available under the Global Offering, to cover over-allocations in the International Offering. The Over-Allotment Shares will be allotted and issued by the Company at HK$3.20 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%), being the Offer Price per Share under the Global Offering.
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The shareholding structure of the Company immediately before and immediately after the completion of the allotment and issue by the Company of the Over-allotment Shares is as follows:
| Immediately before the | Immediately before the | Immediately after the | Immediately after the | |
|---|---|---|---|---|
| allotment and issue of | allotment and issue of | |||
| Over-allotment Shares | Over-allotment Shares | |||
| Number of | Number of | |||
| Shareholders | Shares | % | Shares | % |
| Hengshi Investments | 1,091,250,000 | 72.75% | 1,091,250,000 | 72.4% |
| Aowei Developments | 33,750,000 | 2.25% | 33,750,000 | 2.2% |
| Public investors | 375,000,000 | 25.0% | 382,843,000 | 25.4% |
| Total | 1,500,000,000 | 100.0% | 1,507,843,000 | 100.0% |
The additional net proceeds of approximately HK$24 million, after deducting the underwriting commissions and other estimated expenses relating to the exercise of the Over-allotment Option will be used by the Company for the purposes as set out in the section headed “Future Plans and Use of Proceeds – Use of Proceeds” in the Prospectus.
STABILIZATION ACTIONS AND END OF STABILIZATION PERIOD
The Company further announces that the stabilization period in connection with the Global Offering ended on 21 December 2013, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering. The stabilization actions undertaken during the stabilization period were:
-
(1) over-allocations of an aggregate of 26,800,000 Shares in the International Offering, representing approximately 7.15% of the Offer Shares initially available under the Global Offering before any exercise of the Over-allotment Option;
-
(2) the borrowing of an aggregate of 26,800,000 Shares from Hengshi International Investments Limited pursuant to the Stock Borrowing Agreement to cover the overallocations in the International Offering;
-
(3) the partial exercise of the Over-allotment Option by the Joint Global Coordinators, on behalf of the International Underwriters, on 20 December 2013 in respect of an aggregate of 7,843,000 Shares, representing approximately 2.09% of the total number of Offer Shares initially available under the Global Offering, at the Offer Price per Share; and
-
(4) the purchase of an aggregate of 18,957,000 Shares in the price range of HK$2.63 to HK$3.20 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%) on the market during the stabilization period.
The last purchase made by the Stabilizing Manager on the market during the course of stabilization period was on 19 December 2013 at the price of HK$2.77 per Share.
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This announcement is made pursuant to Section 9 of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).
By Order of the Board Hengshi Mining Investments Limited Mr. Li Yanjun Chairman
Hong Kong, 23 December 2013
As at the date of this announcement, the Board of the Company comprises six Executive Directors namely, Mr. Li Yanjun, Mr. Li Ziwei, Mr. Xia Guoan, Mr. Sun Jianhua, Mr. Huang Kai and Mr. Tu Quanping and three Independent Non-executive Directors namely, Mr. Ge Xinjian, Mr. Meng Likun and Mr. Kong Chi Mo.
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