于本公告日期，现有股份以每手买卖单位为1万股现有股份于联交所进行买卖。董事会建议待股份合并生效后，将于联交所买卖的每手买卖单位由1万股现有股份更改为3000股合并股份。Differ gp auto (06878) announced that the board of directors recommended a proposed share consolidation of 1 share with a par value of 0.025 Hong Kong dollars per 20 shares...
Differ gp auto (06878) announced that the board of directors recommended a share consolidation based on existing shares of 20 shares with a par value of 0.025 Hong Kong dollars each into 1 share with a par value of 0.5 Hong Kong dollars. The share consolidation is subject to approval by shareholders at a special general meeting (including) before it can take effect.
As of the date of this announcement, 0.939 billion existing shares have been issued and fully paid or accounted for as paid. Assuming no additional issuance or repurchase of shares from the date of this announcement until the effective date of the share consolidation, after the share consolidation takes effect, 46.9712 million consolidated shares will be issued and fully paid or accounted for as paid.
As of the date of this announcement, existing shares are traded on the Stock Exchange of not less than 0.01 million shares per trading unit. The board of directors proposes that after the share consolidation takes effect, the trading unit on the Stock Exchange be changed from 0.01 million existing shares to 3000 consolidated shares.
On October 9, 2024 (after the trading session), the placement agent entered into a conditional placement agreement with the company, whereby the company conditionally agreed to place up to 20.6388 million placement shares through the placement agent to no fewer than 6 ultimate beneficial owners as independent third-party placees at a price of 1.1 Hong Kong dollars per placement share. The placement shares will be issued and distributed based on a special authorization. The placement price represents a discount of approximately 38.2% to the closing price of 1.78 Hong Kong dollars per share reported on October 9, 2024 (the date of the placement agreement) on the Stock Exchange (assuming the share consolidation has come into effect).
The total proceeds and net proceeds (after deducting placement commissions and other related costs and expenses of the placement matters) of the expected placement are expected to be approximately 22.7 million Hong Kong dollars and 21 million Hong Kong dollars (assuming full subscription of the placement shares).
