CITIC Offshore Helicopter Co.,Ltd. announced that it expects to receive CNY 1.36 billion in funding from CITIC Investment Holdings Limited and other investors
September 24, 2020
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CITIC Offshore Helicopter Co.,Ltd. (SZSE:000099) announced a private placement of not more than 169,699,717 common shares for gross proceeds of up to CNY 1,360,000,000 on September 25, 2020. The transaction will include participation from not more than 35 investors including CITIC Investment Holdings Limited. The lock up period for CITIC Investment Holdings Limited is 36 months since issuance date and for all other subscribers will be 6 months since issuance date. The issuance price is determined through bidding, and the pricing base date is the first day of the non-public issuance period. The issuance price of this issuance shall not be lower than 80% of the average trading price of the company’s stock in the 20 trading days before the pricing base date. The transaction is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The transaction has been approved by the board of directors in the third interim meeting of its seventh directorate and still needs to be approved by the company’s shareholders meeting, state-owned enterprises or state-owned assets regulatory authorities, China Civil Aviation Administration of China, China Securities Regulatory Commission Approval, permission or approval from the meeting and other regulatory authorities.
Citic Offshore Helicopter Co Ltd is a China-based company mainly engaged in offshore oil, emergency rescue, port pilotage, land navigation, navigation maintenance, offshore wind power and other businesses. The company operates through 10 segment. The Shenzhen, Shanghai, Tianjin, Zhanjiang, Zhejiang, Hainan, Beijing, Wuhu segment is mainly engaged in providing general aviation transportation services in the Shenzhen, Shanghai, Tianjin, Zhanjiang, Zhejiang, Hainan, Beijing, Wuhu area. The General Aviation Maintenance segment is principally engaged in the provision of general aviation maintenance services. The Financial Leasing segment is principally engaged in the provision of financial leasing services. The Company mainly operates its businesses in the domestic market.
CITIC Offshore Helicopter Co.,Ltd. announced that it expects to receive CNY 1.36 billion in funding from CITIC Investment Holdings Limited and other investors