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02342 COMBA
RTNominal up3.650 +0.040 (+1.108%)

24/04/2020 10:06

Comba (02342) to raise HK$683.03 million

[ET Net News Agency, 24 April 2020] Comba Telecom Systems Holdings Limited (02342) said
(i) the vendors agreed to sell, and the placing agents agreed to procure purchasers to
purchase 282 million top-up placing shares at a price of HK$3.05 per share, and (ii) the
vendors conditionally agreed to subscribe for, and the company conditionally agreed to
issue, 230 million subscription shares at the price of HK$3.05 per share.
Since the total number of top-up placing shares is more than the total number of
subscription shares, the vendors will in effect sell down 52 million shares, representing
approximately 2.08% of the issued share capital of the company.
The total number of 282 million top-up placing shares represents approximately 10.31% of
the issued share capital of the company as enlarged. The top-up placing price represents a
discount of approximately 11.59% to the closing price of HK$3.45 per share on 23 April
The estimated net proceeds from the subscription are approximately HK$683.03 million.
The company intends to apply the net proceeds for 5G technologies R&D and production
capacity expansion. (RC)

Remark: Real time quote last updated: 09/07/2020 17:58
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