Consun Pharmaceutical : SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2018 AND THE INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2019
October 31, 2019 at 04:42 am EDT
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(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1681)
SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2018 AND THE INTERIM REPORT
FOR THE SIX MONTHS ENDED 30 JUNE 2019
References are made to (i) the announcements of the Consun Pharmaceutical Group Limited (the "Company" , together with its subsidiaries, the "Group" ) dated 24 October 2017 and 3 November 2017 in relation to the placing of new shares under general mandate (the "Placing Announcements" ); (ii) the interim report for the six months ended 30 June 2018 published by the Company on 20 September 2018 (the "2018 Interim Report" ); (iii) the annual report for the year ended 31 December 2018 published by the Company on 30 April 2019 (the "2018 Annual Report" ); and (iv) the interim report for the six months ended 30 June 2019 published by the Company on 6 September 2019 (the "2019 Interim Report" ). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Placing Announcements.
As disclosed in the 2018 Interim Report, among the net proceeds of approximately HKD284,439,000 raised from the Placing, approximately HKD98,000,000 had been used for repayment of bank loans and the remaining approximately HKD186,439,000 had not been used up as at 30 June 2018. The Company planned to use the remaining approximately HKD186,439,000 for repayment of bank loans within 18 months subject to the identification of future investment opportunities of the Group (as and when opportunities arise but no specific investment targets had been identified yet as at the date of the 2018 Interim Report, i.e. 21 August 2018). The Board would like to provide additional information to the 2018 Annual Report and the 2019 Interim Report pursuant to paragraphs 11(8), 11A and 41A of Appendix 16 to the Listing Rules in relation to the use of the remaining net proceeds of approximately HKD186,439,000 raised from the Placing as follows:
Planned use of
Actual use of
Actual use of
proceeds from
proceeds from
proceeds from
Unutilised
1 July 2018 to
1 July 2018 to
1 January 2019
proceeds
31 December
31 December
to 30 June
as at
2019
2018
2019
30 June 2019
HKD
HKD
HKD
HKD
(approximately)
(approximately)
(approximately)
(approximately)
Repayment of bank loans
186,439,000
84,000,000
84,000,000
18,439,000
Total
186,439,000
84,000,000
84,000,000
18,439,000
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As at 15 August 2019, the remaining portion of net proceeds of approximately HKD18,439,000 raised from the Placing had been used up by the Company for repayment of bank loans.
The above addition information does not affect other information contained in the 2018 Annual Report and the 2019 Interim Report and save as disclosed above, all other information in the 2018 Annual Report and the 2019 Interim Report remains unchanged.
By order of the Board
Consun Pharmaceutical Group Limited
AN Yubao
Chairman
Hong Kong, 31 October 2019
As at the date of this announcement, the Board comprises Mr. AN Yubao, Ms. LI Qian, Professor ZHU Quan and Mr. TANG Ning as executive Directors; Mr. SU Yuanfu, Mr. FENG Zhongshi and Ms. CHEN Yujun as independent non-executive Directors.
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Consun Pharmaceutical Group Ltd. published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 08:41:01 UTC
Consun Pharmaceutical Group Limited is an investment holding company principally engaged in the manufacture and sale of pharmaceuticals. The pharmaceutical products of the Company include kidney medicines, contrast medium and others. The Companyâs subsidiaries include Brilliant Reach Group Limited, Century International Develop Limited and Grand Reach Company Limited. Through its subsidiaries, the Company is also engaged in the research and development of pharmaceutical products.
Consun Pharmaceutical : SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2018 AND THE INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2019