公司拟按于记录日期的合资格股东每持有1股合并股份获发3股供股股份的基准，以每股供股股份0.289港元的认购价以供股方式发行最多1.35亿股合并股份(假设于股份合并生效日期及记录日期或之前，已发行现有股份数目并无进一步变动)，筹集最多约3915万港元(扣除开支前)。供股的估计所得款项净额将为约3671万港元。ROYAL CEN RES (08125) released an announcement, the Board of Directors intends to propose a stock consolidation to the Shareholders, based on a consolidation of every 5 shares...
According to Zhitong Finance APP, ROYAL CEN RES (08125) released an announcement, the Board of Directors intends to propose to the Shareholders to conduct a stock consolidation, based on consolidating every 5 existing shares into 1 consolidated share.
Existing shares are currently traded on the Stock Exchange at a trading unit of 8,000 shares per lot. After the stock consolidation becomes effective, the trading unit for the consolidated shares will remain unchanged at 8,000 consolidated shares.
The company intends to issue up to 0.135 billion consolidated shares by way of a rights issue, based on a ratio of 3 rights shares for every 1 consolidated share held by eligible Shareholders on the record date, at a subscription price of HKD 0.289 per rights share (assuming there is no further change in the number of existing shares issued on the date of the stock consolidation and the record date), raising up to approximately HKD 39.15 million (before expenses). The estimated net proceeds from the rights issue will be approximately HKD 36.71 million.
Assuming the rights issue is fully subscribed, the company intends to use the net proceeds from the rights issue for the following purposes: approximately 70% of the net proceeds will be used to support the Group's projects, with about HKD 15 million allocated to payments to current project contractors, approximately HKD 7 million for advance payments to subcontractors and/or for material supplies before the start of upcoming projects, and about HKD 3.7 million for preliminary startup funding for upcoming projects; approximately 16% of the net proceeds will be used to settle debts, including payable expenses, trade payables, and other payables; approximately 14% of the net proceeds will be used for general working capital of the Group, with about HKD 3.6 million allocated for employee costs and approximately HKD 1.5 million for other office expenses.
