CPM Group Limited — Share Issue/Capital Change 2000

Jan 11, 2000

Listed Company Information

UBA INVESTMENTS LIMITED<0768> - Announcement This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and Hong Kong Securities Clearing Company Limited ("Hongkong Clearing") 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. UBA Investments Limited (Incorporated in the Cayman Islands with limited liability) NEW ISSUE Number of New Shares Offered for Public Subscription: 50,000,000 Shares New Issue Price: HK$1.00 per New Share Nominal value: HK$0.01 each Stock code: 768 Investment Manager Harmony Asset Management Limited Sponsor Yu Ming Investment Management Limited Co-sponsors Upbest Securities Company Limited Baron Capital Limited Underwriters Wing Hang Bank, Limited BOCI Securities Limited Upbest Securities Company Limited Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the prospectus (the "Prospectus") dated 4th January, 2000 issued by UBA Investments Limited (the "Company"). Summary * A total of 236 valid applications have been received for a total of 54,018,000 New Shares which is equivalent to approximately 1.08 times the total number of 50,000,000 New Shares available for application under the New Issue. * Share certificates and refund cheques (if any, which are either not available for personal collection or which are so available but are not collected in person) will be despatched by ordinary post to those entitled at their own risk on or before Wednesday, 12th January, 2000. * Share certificates for the New Shares allotted to applicants using YELLOW application forms will be deposited into CCASS for credit to the applicants' designated CCASS participants' stock accounts at the close of business on Wednesday, 12th January, 2000 or any other date as shall be determined by Hongkong Clearing or HKSCC Nominees Limited. * Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on 18th January, 2000. Applications received and allocation of shares The Directors announce that at the close of the application lists at 12:00 noon on Friday, 7th January, 2000, a total of 236 valid applications have been received pursuant to the New Issue on WHITE and YELLOW application forms for a total of 54,018,000 New Shares, equivalent to approximately 1.08 times the total number of 50,000,000 New Shares ("Offer Shares") available for application on WHITE and YELLOW application forms. Of the applications received on WHITE and YELLOW application forms, a total of 233 applications in respect of a total of 33,918,000 Offer Shares were made for the Offer Shares in the value (excluding brokerage and Stock Exchange transaction levy) of HK$5 million or less (equivalent to approximately 1.36 times the total number of 25,000,000 Offer Shares available for allocation in pool A), and a total of 3 applications in respect of a total of 20,100,000 Offer Shares were made for Offer Shares in the value (excluding brokerage and Stock Exchange transaction levy) of more than HK$5 million and up to the total value of pool B (equivalent to approximately 80.4 per cent. of the total number of 25,000,000 Offer Shares available for allocation in pool B). No multiple applications or suspected multiple applications have been identified and rejected. The surplus Offer Shares initially available for allocation in pool B have been transferred to pool A to satisfy demand in that pool and have been allocated accordingly. No application for more than 50 per cent. of the Offer Shares being offered to the public for subscription in either pool A or pool B has been identified. The Underwriters have not applied for any Offer Shares for their own accounts or for the account of their subsidiaries, associates (as defined in the Listing Rules) or funds managed by them. No Offer Shares are allotted to the Directors or chief executive of the Company or existing beneficial owners of the Shares, or associates (as defined in the Listing Rules) or any of them. basis of allocation Subject to satisfaction of the conditions set out in the section headed "Conditions of the New Issue" in the Prospectus, the 50,000,000 Offer Shares available for application on WHITE and YELLOW application forms will be allocated as follows: Approximate percentage of the Offer Shares to Number of Number of be allotted based on the New Shares valid total number of the Offer Shares applied for applications Basis of allocation applied for (%) Pool A: 2,000 62 2,000 New Shares 100% 4,000 12 4,000 New Shares 100% 6,000 2 6,000 New Shares 100% 8,000 7 8,000 New Shares 100% 10,000 44 10,000 New Shares 100% 12,000 2 12,000 New Shares 100% 16,000 4 16,000 New Shares 100% 20,000 29 20,000 New Shares 100% 30,000 14 30,000 New Shares 100% 40,000 6 40,000 New Shares 100% 50,000 15 50,000 New Shares 100% 60,000 2 54,000 New Shares 90% 80,000 3 72,000 New Shares 90% 100,000 10 88,000 New Shares 88% 150,000 1 132,000 New Shares 88% 200,000 6 176,000 New Shares 88% 250,000 1 220,000 New Shares 88% 300,000 2 262,000 New Shares 87.33% 600,000 1 524,000 New Shares 87.33% 1,000,000 3 870,000 New Shares 87% 2,000,000 2 1,740,000 New Shares 87% 3,000,000 2 2,610,000 New Shares 87% 4,000,000 1 3,480,000 New Shares 87% 5,000,000 2 4,346,000 New Shares 86.92% Total 233 29,900,000 New Shares Pool B: 5,100,000 1 5,100,000 New Shares 100% 6,000,000 1 6,000,000 New Shares 100% 9,000,000 1 9,000,000 New Shares 100% Total 3 20,100,000 New Shares collection/despatch of share certificates and refund cheques Share certificates for wholly or partially successful applications on WHITE application forms and refund cheques for wholly or partially unsuccessful applications on WHITE and YELLOW application forms are expected to be despatched by ordinary post to those entitled at their own risk on or before Wednesday 12th January, 2000. Applicants who have applied for 1,000,000 New Shares or more on WHITE application forms and have indicated on their application forms they wish to collect their share certificates and/or refund cheques in person may collect their share certificates and/or refund cheques from Standard Registrars Limited at 5th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong. The time of collection is between 9:00 a.m. and 1:00 p.m. on Wednesday 12th January, 2000. Identification and authorisation documents satisfactory to Standard Registrars Limited must be produced at the time of collection. If applicants are applying as individual investors, the applicants' I.D. should be presented to collect their share certificates or refund cheques. If applicants are applying as corporate investors, the authorisation letter of the company bearing the company's chop must be presented to collect their share certificates or refund cheques. Uncollected share certificates and/or refund cheques will be despatched by ordinary post at the applicants' own risk after 2:00 p.m. on Wednesday 12th January, 2000. For applicants who have applied for 1,000,000 New Shares or more on YELLOW application forms and have indicated on their application forms they wish to collect their refund cheques in person, the same procedures as set out above for WHITE application forms will also apply. deposit of share certificates into ccass For wholly or partially successful applicants using the YELLOW application forms who are allocated Offer Shares in the name of HKSCC Nominees Limited the allocated Offer Shares will be deposited directly into CCASS for credit to the applicants' designated CCASS participants' stock accounts as instructed by the applicants at the close of business on Wednesday, 12th January, 2000, or any other date as shall be determined by Hongkong Clearing or HKSCC Nominees Limited. Applicants applying through designated CCASS participants can check the number of the New Shares allocated to them with their designated CCASS participants. No application for subscription of the New Shares has been made by CCASS investor participants. commencement of dealings Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on Tuesday, 18th January, 2000. By order of the Board UBA Investments Limited Li Kwok Cheung, George Executive Director Hong Kong, 10th January, 2000