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Zhenro Services Group Limited Capital/Financing Update 2020

Aug 3, 2020

51096_rns_2020-08-03_6f07f50e-7e48-4dc3-9ec6-9e48326935a7.pdf

Capital/Financing Update

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Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the prospectus dated June 29, 2020 (the “ Prospectus ”) issued by Zhenro Services Group Limited (the “ Company ”).

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) 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 offer or an invitation to induce an offer by any person to sell, acquire, purchase or subscribe for any securities. Potential investors should read the Prospectus for detailed information about 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) or any other jurisdiction where such distribution is prohibited by law. This announcement does not constitute and is not an offer to sell or a solicitation of any offer to buy securities in Hong Kong, the United States or elsewhere. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws of the United States and may not be offered or sold in the United States absent registration under the U.S. Securities Act or except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. There will be no public offering of securities of the Company in the United States.

ZHENRO SERVICES GROUP LIMITED 正榮服務集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6958)

STABILIZING ACTIONS AND END OF STABILIZATION PERIOD

STABILIZING ACTIONS AND END OF STABILIZATION PERIOD

The Company announces that the stabilization period in connection with the Global Offering ended on August 2, 2020, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering.

Information of stabilizing actions undertaken by CCB International Capital Limited, the Stabilizing Manager, its affiliates or any person acting for it during the stabilization period is set out in this announcement.

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STABILIZING ACTIONS AND END OF STABILIZATION PERIOD

The Company announces that the stabilization period in connection with the Global Offering ended on August 2, 2020, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering.

The stabilizing actions undertaken by CCB International Capital Limited, the Stabilizing Manager, its affiliates or any person acting for it during the stabilization period are set out below:

  • (i) over-allocations of an aggregate of 37,500,000 Shares in the International Offering, representing 15% of the Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option);

  • (ii) borrowing of an aggregate of 37,500,000 Shares by CCB International Capital Limited from WeiZheng pursuant to the Stock Borrowing Agreement to cover over-allocations in the International Offering; and

  • (iii) the full exercise of the Over-allotment Option by the Joint Global Coordinators, on behalf of the International Underwriters, on July 28, 2020 in respect of an aggregate of 37,500,000 Shares, representing 15% of the Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option), at HK$4.55 per Offer Share (exclusive of SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%), being the Offer Price per Offer Share under the Global Offering, to facilitate the return to WeiZheng of all the borrowed Shares which were used to cover over-allocations in the International Offering.

For further details of the exercise of the Over-allotment Option, please refer to the announcement of the Company dated July 28, 2020.

PUBLIC FLOAT

Immediately after the end of the stabilization period, the Company will continue to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules.

By order of the Board Zhenro Services Group Limited Huang Xianzhi Chairman

Hong Kong, August 3, 2020

As at the date of this announcement, our executive Directors are Mr. Huang Liang and Mr. Huang Sheng, our non-executive Directors are Mr. Huang Xianzhi and Mr. Chan Wai Kin, and our independent non-executive Directors are Mr. Ma Haiyue, Mr. Au Yeung Po Fung and Mr. Zhang Wei.

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