Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
JINTAI ENERGY HOLDINGS LIMITED
金 泰 能 源 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2728)
PLACING OF NEW SHARES UNDER GENERAL MANDATE
COMPLETION ANNOUNCEMENT
Reference is made to the announcement dated 24 June 2020 (the ''Announcement'') and the supplemental announcement dated 2 July 2020 of Jinatai Energy Holding Limited (the ''Company'') in respect of the Subscription.
Unless otherwise defined, terms used in this announcement shall have the same meaning as those defined in the Announcement.
COMPLETION OF THE SUBSCRIPTION
The Board is pleased to announce that the conditions of the Subscription have been fulfilled and completion of the Subscription took place on 3 August 2020. Pursuant to the Subscription Agreement, 742,503,480 Subscription Shares, representing approximately 16.67% of the issued share capital of the Company as enlarged by the Subscription Shares, have been successfully subscribed by the Subscriber at the Subscription Price of HK$0.128 per Subscription Share.
The gross proceeds from the Subscription are HK$95,040,400. The net proceeds, after deducting all relevant costs and expenses, are approximately HK$94,840,000. Details of the use of the proceeds are set out in the Announcement.
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CHANGE OF THE SHAREHOLDING STRUCTURE
The shareholding structures as at (i) the date of the Announcement, (ii) immediately after the completion of the Subscription and (iii) upon completion of the Subscription and full conversion of the convertible notes issued on 17 July 2019 into conversion shares (assuming there is no other change in the shareholding structure) are as follows:
Shareholding upon completion | |||||||||||
of the Subscription and full | |||||||||||
Shareholding immediately | conversion of the convertible | ||||||||||
Shareholding as at the date of | upon completion of | notes issued on 17 July 2019 | |||||||||
the Announcement | the Subscription | into conversion shares | |||||||||
Approximately | Approximately | Approximately | |||||||||
Number of | % of Shares in | Number of | % of Shares in | Number of | % of Shares in | ||||||
shares held | issue | shares held | issue | shares held | issue | ||||||
Mr. Lin Caihuo | 928,284,839 | 25.00% | 928,284,839 | 20.84% | 928,284,839 | 18.35% | |||||
Oriental Gold Honour Joy | |||||||||||
International Holdings | |||||||||||
Limited | 892,768,273 | 24.05% | 892,768,273 | 20.04% | 892,768,273 | 17.65% | |||||
Mr. Chen Jinle | Nil | Nil | 9,020,000 | 0.20% | 9,020,000 | 0.18% | |||||
Mr. Yuan Hongbing | 4,000 | 0.0001% | 792,000 | 0.02% | 792,000 | 0.02% | |||||
The Subscriber | Nil | Nil | 742,503,480 | 16.67% | 742,503,480 | 14.68% | |||||
Super Wise International | |||||||||||
Investment Limited | 540,000,000 | 14.55% | 540,000,000 | 12.12% | 540,000,000 | 10.68% | |||||
Win Win International | |||||||||||
Strategic Investment Funds | |||||||||||
SPC | 0 | 0 | 0 | 0 | 603,004,929 | 11.92% | |||||
Other public Shareholders | 1,351,460,296 | 36.40% | 1,341,652,296 | 30.11% | 1,341,652,296 | 26.52% | |||||
Total | 3,712,517,408 | 100% | 4,455,020,888 | 100% | 5,058,025,817 | 100% | |||||
PUBLIC FLOAT
The Company will be able to comply with the public float requirement under the Listing Rules immediately after completion of the Subscription.
By Order of the Board
Jintai Energy Holdings Limited
Yuan Hongbing
Executive Director
Hong Kong, 3 August 2020
As at the date of this announcement, the Company has three executive Directors, namely Mr. Chen Jinle (Chairman), Mr. Lin Caihuo and Mr. Yuan Hongbing, one non-executive Director, namely Mr. Wang Shoulei, and three independent non-executive Directors, namely Mr. Tche Heng Hou Kevin, Mr. Gao Han and Mr. Mak Tin Sang.
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Yuhua Energy Holdings Ltd. published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 14:26:07 UTC