AI assistant
WeRide Inc. Share Issue/Capital Change 2000
Preview isn't available for this file type.
Download source fileThis 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 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.
FAR EAST PHARMACEUTICAL TECHNOLOGY COMPANY LIMITED
(incorporated in the Cayman Islands with limited liability)
New Issue and Placing
| Number of Placing Shares : | 64,000,000 Shares (subject to adjustment) |
| Number of New Issue Shares : | 16,000,000 Shares (subject to adjustment) |
| Issue price : | HK$1.00 per Share |
| Nominal value : | HK$0.10 each |
| Stock Code : | 399 |
Sponsor and Manager
First Shanghai Capital Limited
Co-Sponsors
Polaris Securities (Hong Kong) Limited
MasterLink Securities (H.K.) Corp. Ltd.
Co-Lead Manager
Guotai Junan Securities (Hong Kong) Limited
Underwriters
| First Shanghai Capital Limited | Polaris Securities (Hong Kong) Limited |
| MasterLink Securities (H.K.) Corp. Ltd. | Guotai Junan Securities (Hong Kong) Limited |
| Sinpac Securities (Hong Kong) Co., Limited | Kingsway SW Securities Limited |
| Barits Securities (Hong Kong) Limited | CU Securities Limited |
Summary
˙ Valid applications pursuant to the New Issue on WHITE and YELLOW application forms for a total of 1,518,344,000 New Issue Shares, equivalent to approximately 93.90 times over-subscription based on the total number of 16,000,000 New Issue Shares initially available for subscription under the New Issue.
˙ As such, 16,000,000 additional Shares have been reallocated to the New Issue from Placing so that, the number of Shares available for subscription under the New Issue has been increased to 32,000,000 Shares, representing 40% of the total number of 80,000,000 Offer Shares.
˙ Valid application on PINK application forms for 1,550,000 Shares, equivalent to 96.88% of the total number of New Issue Shares available for application under PINK application forms, have been received. The remaining 50,000 New Issue Shares have been reallocated for subscription by the general public under the New Issue.
˙ A total of 48,000,000 Placing Shares, after reallocation of 16,000,000 additional Shares from Placing to the New Issue, have been over-subscribed by approximately 16 times and conditionally placed by the Placing Underwriters.
˙ Share certificates which the applicants have not chosen personal collection or which are so available for personal collection but are not collected in person are expected to be posted by ordinary post to those entitled at their own risk on Tuesday, 22nd August, 2000 or (in the case of uncollected Shares certificates) immediately thereafter.
˙ Share certificates of Shares allotted to applicants using YELLOW application forms are expected to be deposited into CCASS for credit to their investor participant stock account or their designated CCASS participants’ stock accounts at the close of business on Tuesday, 22nd August, 2000.
˙ Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on Wednesday, 23rd August, 2000.
Unless otherwise defined herein, terms used in this announcement have the same meanings as those used in the prospectus dated 11th August, 2000 (``Prospectus'') of Far East Pharmaceutical Technology Company Limited (“Company”).
APPLICATIONS RECEIVED AND ALLOCATION OF SHARES
The Directors are pleased to announce that, as at the close of the application lists at 12:00 noon on Wednesday, 16th August, 2000, a total of 2,175 valid applications have been received pursuant to the New Issue on WHITE and YELLOW application forms for a total of 1,518,344,000 New Issue Shares, equivalent to approximately 93.90 times over-subscription based on the total number of 16,000,000 New Issue Shares initially available for subscription under the New Issue. As such, 16,000,000 additional Shares have been reallocated to the New Issue from Placing so that, the number of Shares available for subscription under the New Issue has been increased to 32,000,000 Shares, representing 40% of the total number of 80,000,000 Offer Shares.
Of the applications received on WHITE and YELLOW application forms, a total of 2,084 valid applications have been received for a total of 891,044,000 New Issue Shares with an aggregate price (excluding the brokerage and the Stock Exchange transaction levy, payable on the Offer Price of HK$1.00) of HK$5 million or less (equivalent to approximately 122.76 times over-subscription of the total number of 7,200,000 New Issue Shares initially available under Pool A before reallocation and approximately 57.52 times over-subscription of the total number of 15,226,000 New Issue Shares available under Pool A after reallocation) and a total of 91 valid applications have been received for a total of 627,300,000 New Issue Shares with an aggregate price (excluding the brokerage and the Stock Exchange transaction levy, payable on the Offer Price of HK$1.00) of HK$5 million and above (equivalent to approximately 86.13 times over-subscription of the total number of 7,200,000 New Issue Shares initially available under Pool B before reallocation and approximately 40.20 times over-subscription of the total number of 15,224,000 New Issue Shares available under Pool B after reallocation).
The Directors also announce that 3 applications on PINK application forms have been received from full-time employees of the Group for 1,550,000 New Issue Shares, which is equivalent to 96.88% of the total number of 1,600,000 New Issue Shares available for application on PINK application forms. None of the 3 applications on PINK forms has been made for more than 100% of the total number of 1,600,000 New Issue Shares available for application on PINK application forms. The remaining 50,000 New Issue Shares have been reallocated for subscription by the general public under the New Issue.
The Directors further announce that 48,000,000 Placing Shares, after reallocation of 16,000,000 additional Shares from Placing to the New Issue, have been over-subscribed by approximately 16 times and conditionally placed by the Placing Underwriters. Apart from 750,000 Placing Shares which have been placed to China Tiger Investments Limited, one of the fellow subsidiaries of First Shanghai Capital Limited, the Sponsor and Manager, on a non-preferential basis, all the placees are independent of and not connected with any of the directors, chief executive or substantial shareholders of the Company or an associate of any of them (as defined under the Listing Rules).
RESULTS OF ALLOTMENT
Subject to the satisfaction of the conditions set out under the section headed “Conditions of the Offer” in the Prospectus, the 30,450,000 New Issue Shares available for application by the public on WHITE and YELLOW application forms will be allotted as follows:
| Number of New Issue Shares applied for | Number of valid applications | Basis of allotment/ballot | Approximate percentage of New Issue Shares to be allotted based on the total number of New Issue Shares applied for under each ranking | |
| Pool A | ||||
| 2,000 | 191 | 39 out of 191 to receive 2,000 Shares | 20.42% | |
| 4,000 | 129 | 32 out of 129 to receive 2,000 Shares | 12.40% | |
| 6,000 | 65 | 20 out of 65 to receive 2,000 Shares | 10.26% | |
| 8,000 | 67 | 22 out of 67 to receive 2,000 Shares | 8.21% | |
| 10,000 | 252 | 85 out of 252 to receive 2,000 Shares | 6.75% | |
| 12,000 | 41 | 15 out of 41 to receive 2,000 Shares | 6.10% | |
| 14,000 | 23 | 9 out of 23 to receive 2,000 Shares | 5.59% | |
| 16,000 | 27 | 11 out of 27 to receive 2,000 Shares | 5.09% | |
| 18,000 | 18 | 8 out of 18 to receive 2,000 Shares | 4.94% | |
| 20,000 | 203 | 92 out of 203 to receive 2,000 Shares | 4.53% | |
| 30,000 | 122 | 60 out of 122 to receive 2,000 Shares | 3.28% | |
| 40,000 | 52 | 34 out of 52 to receive 2,000 Shares | 3.27% | |
| 50,000 | 116 | 92 out of 116 to receive 2,000 Shares | 3.17% | |
| 60,000 | 20 | 19 out of 20 to receive 2,000 Shares | 3.17% | |
| 70,000 | 15 | 2,000 Shares plus 1 out of 15 to receive additional 2,000 Shares | 3.05% | |
| 80,000 | 16 | 2,000 Shares plus 3 out of 16 to receive additional 2,000 Shares | 2.97% | |
| 90,000 | 10 | 2,000 Shares plus 3 out of 10 to receive additional 2,000 Shares | 2.89% | |
| 100,000 | 117 | 2,000 Shares plus 41 out of 117 to receive additional 2,000 Shares | 2.70% | |
| 150,000 | 24 | 2,000 Shares plus 22 out of 24 to receive additional 2,000 Shares | 2.56% | |
| 200,000 | 83 | 4,000 Shares plus 4 out of 83 to receive additional 2,000 Shares | 2.05% | |
| 250,000 | 7 | 4,000 Shares plus 4 out of 7 to receive additional 2,000 Shares | 2.06% | |
| 300,000 | 37 | 6,000 Shares plus 2 out of 37 to receive additional 2,000 Shares | 2.04% |
| 350,000 | 3 | 6,000 Shares plus 2 out of 3 to receive additional 2,000 Shares | 2.10% | |
| 400,000 | 16 | 8,000 Shares | 2.00% | |
| 450,000 | 4 | 8,000 Shares plus 2 out of 4 to receive additional 2,000 Shares | 2.00% | |
| 500,000 | 79 | 10,000 Shares | 2.00% | |
| 600,000 | 9 | 12,000 Shares | 2.00% | |
| 700,000 | 3 | 14,000 Shares | 2.00% | |
| 800,000 | 26 | 16,000 Shares | 2.00% | |
| 900,000 | 2 | 18,000 Shares | 2.00% | |
| 1,000,000 | 85 | 20,000 Shares | 2.00% | |
| 1,100,000 | 2 | 22,000 Shares | 2.00% | |
| 1,200,000 | 2 | 24,000 Shares | 2.00% | |
| 1,500,000 | 8 | 26,000 Shares | 1.73% | |
| 1,600,000 | 3 | 26,000 Shares | 1.63% | |
| 1,700,000 | 12 | 26,000 Shares plus 6 out of 12 to receive additional 2,000 Shares | 1.59% | |
| 1,800,000 | 19 | 26,000 Shares plus 12 out of 19 to receive additional 2,000 Shares | 1.51% | |
| 1,900,000 | 9 | 28,000 Shares plus 3 out of 9 to receive additional 2,000 Shares | 1.51% | |
| 2,000,000 | 51 | 30,000 Shares | 1.50% | |
| 2,100,000 | 4 | 30,000 Shares plus 3 out of 4 to receive additional 2,000 Shares | 1.50% | |
| 2,300,000 | 1 | 34,000 Shares | 1.48% | |
| 2,500,000 | 7 | 36,000 Shares plus 5 out of 7 to receive additional 2,000 Shares | 1.50% | |
| 2,600,000 | 1 | 38,000 Shares | 1.46% | |
| 2,700,000 | 1 | 40,000 Shares | 1.48% | |
| 2,800,000 | 4 | 42,000 Shares | 1.50% | |
| 3,000,000 | 15 | 44,000 Shares plus 8 out of 15 to receive additional 2,000 Shares | 1.50% | |
| 3,300,000 | 1 | 50,000 Shares | 1.52% | |
| 3,400,000 | 2 | 50,000 Shares plus 1 out of 2 to receive additional 2,000 Shares | 1.50% | |
| 3,500,000 | 2 | 52,000 Shares plus 1 out of 2 to receive additional 2,000 Shares | 1.51% | |
| 3,600,000 | 4 | 54,000 Shares | 1.50% | |
| 3,800,000 | 3 | 56,000 Shares plus 2 out of 3 to receive additional 2,000 Shares | 1.51% | |
| 4,000,000 | 19 | 60,000 Shares | 1.50% | |
| 4,200,000 | 2 | 62,000 Shares plus 1 out of 2 to receive additional 2,000 Shares | 1.50% | |
| 4,500,000 | 4 | 66,000 Shares plus 1 out of 4 to receive additional 2,000 Shares | 1.48% | |
| 4,600,000 | 1 | 68,000 Shares | 1.48% | |
| 4,700,000 | 1 | 68,000 Shares | 1.45% | |
| 4,800,000 | 12 | 68,000 Shares plus 4 out of 12 to receive additional 2,000 Shares | 1.43% | |
| 4,900,000 | 5 | 70,000 Shares | 1.43% | |
| 5,000,000 | 27 | 70,000 Shares plus 18 out of 27 to receive additional 2,000 Shares | 1.43% | |
| Pool B | ||||
| 5,100,000 | 4 | 152,000 Shares plus 2 out of 4 to receive additional 2,000 Shares | 3.00% | |
| 5,200,000 | 1 | 154,000 Shares | 2.96% | |
| 5,800,000 | 1 | 154,000 Shares | 2.66% | |
| 6,000,000 | 7 | 156,000 Shares | 2.60% | |
| 6,400,000 | 1 | 160,000 Shares | 2.50% | |
| 6,600,000 | 3 | 164,000 Shares | 2.48% | |
| 6,800,000 | 3 | 166,000 Shares | 2.44% | |
| 6,900,000 | 1 | 168,000 Shares | 2.43% | |
| 7,000,000 | 18 | 168,000 Shares plus 15 out of 18 to receive additional 2,000 Shares | 2.42% | |
| 7,200,000 | 52 | 170,000 Shares | 2.36% |
Results of ccass investor participant’s applications using yellow application forms
| Identification document number | Number of Shares to be allotted |
| A874264(5) | Nil |
| D298420(3) | Nil |
| G472420(7) | 2,000 |
| K209197(6) | Nil |
COLLECTION/DESPATCH OF SHARE CERTIFICATES AND REFUND CHEQUES
Share certificates (where applicable) and refund cheques for wholly or partially successful application on WHITE and YELLOW application forms are expected to be despatched by ordinary post to those entitled at their own risk on Tuesday, 22nd August, 2000. Applicants who apply for 500,000 New Issue Shares or above and have indicated in their application forms their wish to collect Share certificates or refund cheques in person may collect their Share certificates and/or refund cheques from Tengis Limited, 4th Floor, Hutchison House, 10 Harcourt Road, Central, Hong Kong between 9:00 a.m. and 1:00 p.m. on Tuesday, 22nd August, 2000. Identification and (where appropriate) authorisation document acceptable to Tengis Limited must be produced at the time of collection. Uncollected Share certificates and refund cheques will be despatched by ordinary post at the applicants' own risk immediately thereafter.
DEPOSIT OF SHARE CERTIFICATES INTO CCASS
For those wholly or partially successful applicants using the YELLOW application forms who are allotted New Issue Shares in the name of HKSCC Nominees Limited, the allotted New Issue Shares, subject to any adjustments, will be deposited directly into CCASS for credit to their investor participants stock account or their designated CCASS participants' stock accounts maintained in CCASS at the close of business on Tuesday, 22nd August, 2000 or under contingent situation, on such other date as determined by Hongkong Clearing or HKSCC Nominees Limited. Such applicants can check the number of New Issue Shares allotted to them with their designated CCASS participants, if they are applying through designated CCASS participants, or via the CCASS Phone System, if they are applying as investor participants. Hongkong Clearing will also mail to investor participants an Activity Statement showing the number of New Issue Shares credited to their investor participant stock accounts.
COMMENCEMENT OF DEALINGS
Dealings in the Shares on the Stock Exchange are expected to commence at 10:00 a.m. on Wednesday, 23rd August, 2000.
By order of the Board
Far East Pharmaceutical Technology Company Limited
Cai Cong YiChairmanHong Kong, 18th August, 2000