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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 - 01/26 12:19:28 pm
0.0405 USD   +3.85%
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Coolpad : EXTENSION OF LONG STOP DATE OF SUBSCRIPTION OF SHARES UNDER GENERAL MANDATE

11/29/2019 | 07:18am 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)

EXTENSION OF LONG STOP DATE OF

SUBSCRIPTION OF SHARES

UNDER GENERAL MANDATE

References are made to the announcements of Coolpad Group Limited (the "Company") dated 7 October 2019 and 8 October 2019 (the "Announcements") in relation to, among others, New Prestige Developments Limited conditionally agreeing to subscribe for 800,000,000 new shares of the Company at the subscription price of HK$0.215 per subscription share under the general mandate granted to the directors of the Company at the annual general meeting of the Company held on 24 May 2019. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

On 29 November 2019 (after trading hours), the Company and the Subscriber, after arm's length negotiation, have entered into a supplemental agreement to the Subscription Agreement (the "Supplemental Agreement"), whereby the parties agreed to extend the Long Stop Date from 30 November 2019 to 13 December 2019. Save and except for the aforesaid change, all other terms and conditions of the Subscription Agreement shall remain unchanged and continue in full force and effect.

By order of the Board

Coolpad Group Limited

Ma Fei

Executive Director

Joint Company Secretary

Hong Kong, 29 November 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.

Disclaimer

Coolpad Group Ltd. published this content on 29 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2019 12:17:06 UTC


© Publicnow 2019
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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 2 051 M 265 M 265 M
EV / Sales 2018 2,73x
EV / Sales 2019 1,00x
Nbr of Employees 684
Free-Float 52,4%
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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
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