Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Coolpad Group Limited    CHWTF   KYG2418K1004

COOLPAD GROUP LIMITED

(CHWTF)
  Report
Delayed Quote. Delayed OTC Bulletin Board - Other OTC - 01/22 03:16:43 pm
0.039 USD   --.--%
01/20COOLPAD : Expects to Swing to Loss in 2020; Shares Drop 4%
MT
01/13COOLPAD : Unit Signs Cooperation Deal for Urban Renovation Project
MT
2020COOLPAD : Chairman to Take on Dual Role Following CEO's Exit
MT
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Coolpad : COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

12/19/2019 | 05:46am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

COOLPAD GROUP LIMITED

酷 派 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2369)

COMPLETION OF SUBSCRIPTION OF NEW SHARES

UNDER GENERAL MANDATE

References are made to the announcements of Coolpad Group Limited (the "Company") dated 7 October 2019, 8 October 2019, 29 November 2019 and 13 December 2019 (the "Announcements") in relation to, among others, the conditional subscription by New Prestige Developments Limited of 800,000,000 new ordinary shares in the Company. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

COMPLETION OF SUBSCRIPTION

The Board is pleased to announce that all the conditions under the Subscription Agreement have been fulfilled and Completion took place on 19 December 2019 (after trading hours). A total of 800,000,000 Subscription Shares were allotted and issued by the Company to the Subscriber at the Subscription Price of HK$0.215 per Subscription Share pursuant to the terms and conditions of the Subscription Agreement.

EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY

The 800,000,000 Subscription Shares represent (i) approximately 15.89% of the issued share capital of the Company immediately before Completion; and (ii) approximately 13.71% of the issued share capital of the Company as enlarged by the Subscription. Set out below is the shareholding structure of the Company immediately before and after Completion:

Immediately before

Immediately after

Shareholders

Completion

Completion

Number of

%

Number of

%

Shares

(Approx.)

Shares

(Approx.)

Kingkey Financial Holdings (Asia) Limited (Note 1)

897,437,000

17.83

897,437,000

15.38

Zeal Limited (Note 2)

551,367,386

10.95

551,367,386

9.45

Subscriber

-

-

800,000,000

13.71

Other public shareholders

3,584,603,094

71.22

3,584,603,094

61.46

Total

5,033,407,480

100

5,833,407,480

100

1

Notes:

  1. The 897,437,000 Shares were directly held by Kingkey Financial Holdings (Asia) Limited, which is ultimately owned by Mr. Chen Jiajun.
  2. Zeal Limited is wholly-owned by Shenzhen LETV Bridge Merger Acquisition Fund Investment Management Enterprise (Limited Partnership) (深圳市樂視鑫根併購基金投資管理企業(有限合夥)).

By order of the Board

Coolpad Group Limited

Ma Fei

Executive Director

Joint Company Secretary

Hong Kong, 19 December 2019

As at the date of this announcement, the executive Directors are Mr. Chen Jiajun, Mr. Liang Rui, Mr. Ma Fei, Mr. Xu Yibo and Mr. Lam Ting Fung Freeman; the non-executive Director is Mr. Ng Wai Hung; the independent non-executive Directors are Dr. Huang Dazhan, Mr. Xie Weixin, Mr. Chan King Chung and Mr. Guo Jinghui.

2

Disclaimer

Coolpad Group Ltd. published this content on 19 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2019 10:45:01 UTC


© Publicnow 2019
All news about COOLPAD GROUP LIMITED
01/20COOLPAD : Expects to Swing to Loss in 2020; Shares Drop 4%
MT
01/13COOLPAD : Unit Signs Cooperation Deal for Urban Renovation Project
MT
2020COOLPAD : Chairman to Take on Dual Role Following CEO's Exit
MT
2020Coolpad Withdraws Patent Infringement Cases Against Xiaomi
MT
2020Coolpad Sells Nearly 8% Stake to Retail Investor for Almost $12 Million
MT
2020Coolpad Group Terminates 75% Stake Acquisition in Genius Wise Enterprises
MT
2020COOLPAD : Discloseable transaction acquisition of 75% interest in target company..
PU
2020COOLPAD : partnership with Smart Care Technologies for operating in Pakistan
AQ
2019COOLPAD : Completion of subscription of new shares under general mandate
PU
2019COOLPAD : Further extension of long stop date of subscription of shares under ge..
PU
More news
Financials
Sales 2019 1 858 M 240 M 240 M
Net income 2019 112 M 14,5 M 14,5 M
Net Debt 2019 230 M 29,6 M 29,6 M
P/E ratio 2019 1,62x
Yield 2019 -
Capitalization 1 975 M 255 M 255 M
EV / Sales 2018 2,73x
EV / Sales 2019 1,00x
Nbr of Employees 684
Free-Float 52,4%
Chart COOLPAD GROUP LIMITED
Duration : Period :
Coolpad Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
NameTitle
Jia Jun Chen Chairman & Chief Executive Officer
Yi Bo Xu COO, Executive Director & Executive VP
Wen Yan Pan Chief Information Officer
King Chung Chan Independent Non-Executive Director
Da Zhan Huang Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
COOLPAD GROUP LIMITED8.33%255
APPLE INC.3.15%2 339 611
SAMSUNG ELECTRONICS CO., LTD.7.16%526 208
XIAOMI CORPORATION-10.24%96 742
WINGTECH TECHNOLOGY CO.,LTD27.78%24 298
MERRY ELECTRONICS CO., LTD.-8.19%1 006