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03908 CICC
RTNominal down12.440 -0.620 (-4.747%)
Disclosure of Interest

17/10/2019 09:01

CICC (03908) to place H shares for HK$2,534.4 million

[ET Net News Agency, 17 October 2019] China International Capital Corporation Limited
(03908) said it entered into a placing agreement to the place an aggregate of 176 million
new H shares with an aggregate nominal value of RMB176 million at the placing price of
HK$14.4 per placing share to no fewer than six professional, institutional and/or
individual investors.
The placing shares represent approximately 10.187% and 4.198%, respectively, of the
total issued H Shares of the company and the total issued shares of the company prior to
the placing, and approximately 9.245% and 4.029%, respectively, of the total issued H
shares and the total issued shares of the company as enlarged by the allotment and issue
of the placing shares.
The placing price of HK$14.40 per placing share represents a discount of approximately
7.34% to the closing price of HK$15.54 per H shar on 16 October 2019.
On the assumption that all placing shares are fully placed, the aggregate gross proceeds
are expected to be approximately HK$2,534.4 million and the aggregate net proceeds from
the placing are expected to be approximately HK$2,502.14 million after deducting the
expenses of the placing. The company intends to use the net proceeds to replenish the
capital of the company, support the development of the company's existing and new
businesses both domestically and overseas, further increase investment in strategic areas
such as internationalization and seize opportunities for strategic mergers and
acquisitions. (RC)

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