[ET Net News Agency, 25 May 2021] Country Garden Services Holdings Company Limited
(06098) said it has agreed to place an aggregate of 139.38 million shares at a price of
HK$75.25 per share.
The gross proceeds and net proceeds are estimated to be approximately HK$10,488.3
million and approximately HK$10,424.1 million, respectively. It is intended that the net
proceeds received by the company from the placing will be utilized for investments in
potential future merger and acquisition projects relating to the principal activities of
the group, expansion in respect of new businesses including commercial management
services, asset management services and life services, and working capital and general
corporate purposes.
Also, its subsidiary Best Path Global Limited has agreed to issue convertible bonds in
the aggregate principal amount of HK$5,038 million. (RC)