Guofu Innovation 00290 23 7.7 billion unsubscribed rights shares have been successfully placed

Mondo Finance Updated on 2024-02-07

Zhitong Financial News, Guofu Innovation (00290) announced that at 4 p.m. on January 26, 2024 (Friday) (that is, the last time limit for acceptance), the company has received 8 valid applications and acceptance of provisional quotas under the provisional quota notice, involving a total of 236.7 billion rights shares, representing approximately 499%。In addition, as there were no Excluded Shareholders as at the Record Date, there were no unsold Rights Shares of the Excluded Shareholders relating to the Excepted Shareholders.

In response to the valid applications and acceptance results under the above-mentioned provisional quota notices, there are 237.7 billion unsubscribed rights shares, representing approximately 5010%, subject to compensation arrangement. Pursuant to Rule 7 of the Listing RulesSection 21(1)(b), the Company has made compensation arrangements for the unsubscribed Rights Shares by entering into a Placing Agreement, the Company is conditional on the appointment of a placing**, and the placing** conditionally agrees to act as a placing of the Company ** (by itself or through its allotment**) to procure the independent placees to subscribe for the unsubscribed Rights Shares on a best-effort basis in accordance with the terms and conditions of the placing agreement.

On Monday, 5 February 2024 at 6 p.m. (i.e. the deadline for placing** placing of unsubscribed rights shares), all 23The 7.7 billion unsubscribed rights shares have been issued at a rate of 0.0 per share pursuant to the placingHK$10** (equivalent to the subscription price) was successfully placed. As such, there is no net proceeds available for distribution to inactive shareholders under the compensation arrangement.

Subject to the acceptance of the rights issue and the placing results under the compensation arrangement, the total number of rights shares to be allotted and issued is approximately 474.5 billion rights shares, representing 100% of the total number of rights shares submitted for subscription under the rights issue.

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