公司将向联交所上市委员会申请批准资本化股份上市及买卖。Hao Bai Intl (08431) announced that after the trading session on August 13, 2024 of the Hong Kong Stock Exchange, the company has reached an agreement with its creditors. Subject to the fulfillment of certain conditions, the company agreed to issue and distribute capital shares, and the creditors conditionally agreed to subscribe for 22.56 million capital shares at HKD 0.135 per share to settle part of the total debt. The capital shares are discounted by about 4.9% compared to the closing price of HKD 0.142 per share on August 13, 2024 (the date of the agreement) as reported on the Hong Kong Stock Exchange.
Assuming that the number of issued shares of the company remains unchanged from the date of this announcement until the debt capitalization is completed, the capital shares represent approximately 7.29% of the company's issued shares as of the date of this announcement; and after the distribution and issuance of capital shares, the company's issued shares will be approximately 6.79%.
Capital shares will be issued and distributed under general authorization, and must be approved for listing and trading on the Hong Kong Stock Exchange (including other requirements) before becoming effective.
The company will apply to the Listing Committee of the Hong Kong Stock Exchange for approval of the listing and trading of capital shares.
