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S E A Holdings Limited Capital/Financing Update 2017
49068_rns_2017-08-18_da1dcc1a-b6c3-4296-be2e-db08d9183e75.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.
The Hong Kong Building and Loan Agency Limited
香港建屋貨款有限公司
(Incorporated in Hong Kong with limited liability)
(Stock code: 145)
CHANGE OF USE OF PROCEEDS FROM PLACING OF NEW SHARES
Reference is made to the announcements issued by The Hong Kong Building and Loan Agency Limited (the "Company") dated 29 December 2016, 11 January 2017 and 20 January 2017 in relation to the Placing (collectively, the "Announcements") and the annual report for the year ended 31 December 2016 ("Annual Report 2016"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements and Annual Report 2016.
In order to enhance the existing business development, the Board resolved to re-allocate the proposed use of the proceeds to as follows:
| Original allocation of net proceeds HK$’000 | Utilised amount (as at the date of this announcement) HK$’000 | Original allocation of unutilised amount (before the change) HK$’000 | Revised allocation of unutilised amount (after the change) HK$’000 | |
|---|---|---|---|---|
| General working capital of the Group | 48,920 | (48,920) | - | 31,165 |
| Repayment of existing indebtedness | 34,980 | (34,980) | - | - |
| Possible investments | 50,000 | (835) | 49,165 | 18,000 |
| 133,900 | (84,735) | 49,165 | 49,165 |
Save as aforesaid, there is no other change of use of the proceeds from the Placing as disclosed in the Announcements and Annual Report 2016.
By Order of the Board
The Hong Kong Building and Loan Agency Limited
Chong Kok Leong
Executive Director
Hong Kong, 18 August 2017
As at the date of this announcement, the Board comprises Mr. So Yuen Chun, Dr. Li Ai Guo, Mr. Chong Kok Leong and Mr. Zhuang Miaozhong being the executive Directors; Mr. Lam Kwok Hing, Wilfred and Mr. Huang Lizhi being the non-executive Directors; and Mr. Yeung Wai Hung, Peter, Ms. Yuen Wai Man and Mr. Choy Hiu Fai, Eric being the independent non-executive Directors.