AI assistant
Transcenta Holding Limited — Capital/Financing Update 2021
Oct 17, 2021
51014_rns_2021-10-17_5c08e254-e03d-4aa2-87c0-6f1d8458510a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Unless otherwise defined herein, capitalized terms in this announcement shall have the same meanings as those defined in the prospectus dated Tuesday, September 14, 2021 (the “ Prospectus ”) of Transcenta Holding Limited (the “ Company ”).
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company 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 is made pursuant to section 9(2) 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 to induce an offer or an offer to sell, acquire, purchase or subscribe for securities of the Company. Potential investors should read the Prospectus carefully for detailed information about the Company and the Global Offering described below before deciding whether or not to invest in the Offer Shares.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in Hong Kong, the United States or elsewhere. The Offer Shares have not been, and will not be, registered under the United States Securities Act of 1933 as amended from time to time (the “ U.S. Securities Act ”). The Offer Shares may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws, or outside the United States unless in compliance with Regulation S under the U.S. Securities Act. There will be no public offer of securities in the United States. The Offer Shares may be offered, sold or delivered (i) solely to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under the U.S. Securities Act and (ii) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act.
==> picture [138 x 40] intentionally omitted <==
Transcenta Holding Limited 創勝集團醫藥有限公司
(registered by way of continuation in the Cayman Islands with limited liability)
(Stock Code: 6628)
STABILIZATION ACTIONS, END OF STABILIZATION PERIOD AND LAPSE OF OVER-ALLOTMENT OPTION
STABILIZING ACTIONS AND END OF STABILIZATION PERIOD
The Company announces that the stabilization period in connection with the Global Offering ended on October 17, 2021, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering.
Further information of the stabilizing actions undertaken by Goldman Sachs (Asia) L.L.C. as the stabilization manager (the “ Stabilizing Manager ”), its affiliates or any person acting for it during the stabilization period is set out in this announcement.
LAPSE OF OVER-ALLOTMENT OPTION
The Stabilizing Manager (for themselves and on behalf of the International Underwriters) did not exercise the Over-allotment Option during the stabilization period and the Over-allotment Option lapsed on October 17, 2021.
1
STABILIZING ACTIONS AND END OF STABILIZATION PERIOD
Pursuant to Section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), the Company announces that the stabilization period in connection with the Global Offering ended on October 17, 2021, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering.
The stabilizing actions undertaken by the Stabilizing Manager, its affiliates or any person acting for it during the stabilization period are set out below:
-
(1) over-allocations of an aggregate of 6,049,500 Shares in the International Offering, representing 15% of the Offer Shares initially offered under the Global Offering before any exercise of the Over-allotment Option;
-
(2) the borrowing of an aggregate of 6,049,500 Shares by Goldman Sachs International, an affiliate of the Stabilizing Manager, from Success Link International L.P. pursuant to the Stock Borrowing Agreement to cover over-allocations in the International Offering; and
-
(3) the purchases of an aggregate of 6,049,500 Shares at a price in the range of HK$12.18 to HK$16.00 per Share (exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) on the market during the stabilization period, to facilitate the return of the borrowed Shares under the Stock Borrowing Agreement. The last purchase made by the Stabilizing Manager on the market during the stabilization period was on October 15, 2021 at the price of HK$15.42 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%).
LAPSE OF OVER-ALLOTMENT OPTION
The Stabilizing Manager (for themselves and on behalf of the International Underwriters) did not exercise the Over-allotment Option during the stabilization period and the Over-allotment Option lapsed on October 17, 2021.
PUBLIC FLOAT
The Directors confirm that the Company continues and will continue to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules whereby at least 25% of the Company’s total number of issued Shares must at all times be held by the public.
By order of the Board Transcenta Holding Limited 創勝集團醫藥有限公司 Dr. Xueming QIAN Executive Director and Chief Executive Officer
Hong Kong, Sunday, October 17, 2021
- As at the date of this announcement, the Board of Directors of the Company comprises Dr. Xueming QIAN, Dr. Michael Ming SHI and Mr. Albert Da ZHU as executive Directors, Dr. Yining (Jonathan) ZHAO as Chairman and non-executive Director, and Mr. Jiasong TANG, Dr. Jun BAO and Mr. Zhihua ZHANG as independent non-executive Directors.
2