AI assistant
CStone Pharmaceuticals — Capital/Financing Update 2017
Sep 1, 2017
50715_rns_2017-09-01_18554fe6-97ab-4549-bd94-0a4f70b2b33d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.
==> picture [106 x 98] intentionally omitted <==
兗州煤業股份有限公司
YANZHOU COAL MINING COMPANY LIMITED
(A joint stock limited company incorporated in the People’s Republic of China (“ PRC ”) with limited liability) (Stock Code: 1171)
(1) COMPLETION OF DEEMED DISPOSAL OF YANCOAL AUSTRALIA AND
(2) COMPLETION OF VERY SUBSTANTIAL ACQUISITION OF COAL & ALLIED FROM RIO TINTO
References are made to the announcements dated 24 January 2017, 24 May 2017, 11 June 2017, 12 June 2017, 20 June 2017, 27 June 2017, 27 July 2017 and 1 August 2017 (collectively, the “ Announcements ”) and the circular dated 2 June 2017 supplemented by the supplementary circular dated 30 June 2017 (the “ Circular ”) of Yanzhou Coal Mining Company Limited (the “ Company ”) in relation to, among others, the acquisition of the total issued share capital of C&A from Rio Tinto Group by Yancoal Australia Limited (“ Yancoal Australia ”), and the Deemed Disposal of Yancoal Australia by the subscription of shares in YAL Rights Issue and SCN Conversion. Unless otherwise indicated, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements and the Circular.
On 31 August 2017, in accordance with the SCN Conversion Letter, 18,000,031 SCNs held by the Company were converted into 18,000,031,000 YAL Shares at a conversion price of US$0.10 per share.
On the same date, Yancoal Australia issued 23,464,929,520 YAL Shares under its pro-rata entitlement offer at the offer price of US$0.10 per share and 1,500,000,000 YAL Shares under the institutional placement at the offer price of US$0.10 per share in the YAL Rights Issue, among which the Company has subscribed for 10,000,000,000 YAL Shares for a total consideration of US$1 billion.
Upon completion of YAL Rights Issue and SCN Conversion, the issued shares of Yancoal Australia were enlarged from 994,276,659 shares to 43,959,388,122 shares. The changes of the shareholding of the Company in Yancoal Australia are set out as follows:
| Number of YAL | Approximate |
|---|---|
| Shares Held by | Shareholding Percentage |
| **the Company ** | (%) |
| Before YAL Rights Issue and SCN Conversion | 775,488,994 | 78.00 |
|---|---|---|
| Upon completion of YAL Rights Issue and SCNConversion | 28,775, 519,994 | 65.46 |
In addition, the Board is pleased to announce that all of the conditions precedent under the SPA as amended by the Amendment Deed and Further Amendment Documentation for the Acquisition have been fulfilled, and the Completion took place on 1 September 2017. Upon the Completion, C&A has become a wholly-owned subsidiary of Yancoal Australia and thus a consolidated subsidiary of the Company.
By order of the Board Yanzhou Coal Mining Company Limited Li Xiyong Chairman of the Board
Zoucheng, Shandong Province, the PRC 1 September 2017
As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Li Wei, Mr. Wu Xiangqian, Mr. Wu Yuxiang, Mr. Guo Dechun, Mr. Zhao Qingchun and Mr. Guo Jun, and the independent non-executive directors of the Company are Mr. Kong Xiangguo, Mr. Jia Shaohua, Mr. Poon Chiu Kwok and Mr. Qi Anbang.