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Honworld Group Limited — Capital/Financing Update 2014
Sep 2, 2014
50459_rns_2014-09-02_e33ac714-565a-4a1d-a3e2-94708429a556.pdf
Capital/Financing Update
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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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.
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Honworld Group Limited 老 恒 和 釀 造 有 限 公 司[*]
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2226)
COMPLETION OF ISSUE OF UNLISTED WARRANTS UNDER GENERAL MANDATE
Reference is made to the announcement of the Company dated 3 August 2014 (the ‘‘Announcement’’) in relation to, among others, the proposed issue of unlisted Warrants under General Mandate. Terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.
COMPLETION OF THE WARRANT SUBSCRIPTION
The Board is pleased to announce that all conditions for the Warrant Subscription under the Warrant Subscription Agreement have been fulfilled and completion of the Warrant Subscription took place on 2 September 2014. 100,000,000 Warrants, each conferring the rights to the Subscriber to subscribe for one Share at a Subscription Price of HK$8.00 per Share, were issued by the Company to the Subscriber.
Based on the Subscription Price of HK$8.00 per Share and assuming that there will not be any change in the issued share capital of the Company before the exercise of the subscription rights attaching to the Warrants in full, 100,000,000 Shares will be issued, representing approximately 19.28% of the existing issued share capital of the Company and approximately 16.16% of the issued share capital as enlarged by the allotment and issue of Shares under the Warrants.
By order of the Board Honworld Group Limited Chen Weizhong Chairman
Hong Kong, 2 September 2014
As at the date of this announcement, the executive Directors are CHEN Weizhong, SHENG Mingjian and WANG Chao; and the non-executive Director is ZHANG Bihong; and the independent non-executive Directors are SHEN Zhenchang, LEI Jiasu and MA Chaosong.
- For identification purposes only