Gelonghui October 25?Hong Wei Asia (08191.HK)It is announced that all prerequisites for the subscription have been met and completed on 25 October 2021. A total of 167 million subscription shares (representing (I) 20% of the issued share capital of the Company immediately before completion; and (ii) approximately 16.67% of the total issued share capital of the Company immediately after completion and as at the date of announcement) have been allotted and issued to subscribers in accordance with the terms of the subscription Agreement at a subscription price of HK $0.0900 per subscription share.
The net proceeds from the subscription (after deducting professional fees and other related expenses) is approximately HK $14.667 million and is intended to be used to repay part of the outstanding notes. Reference is made to the announcement of the Company dated 20 September 2021 that the aggregate principal amount of the instrument shall not exceed HK $78 million and that the final repayment date of the instrument has been postponed to 12 November 2022.
