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:
The 897,437,000 Shares were directly held by Kingkey Financial Holdings (Asia) Limited, which is ultimately owned by Mr. Chen Jiajun.
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
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.
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