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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  VPower Group International Holdings Limited    1608   KYG939541085

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED

(1608)
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VPower International : COMPLETION OF PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

07/23/2020 | 08:05am 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.

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED 偉 能 集 團 國 際 控 股 有 限 公 司

Incorporated in the Cayman Islands with limited liability

(Stock Code: 1608)

COMPLETION OF PLACING OF EXISTING SHARES AND

SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

as Sole Global Coordinator, Sole Bookrunner and Joint Lead Manager

Reference is made to the announcement of the Company dated 14 July 2020 (the "Announcement") in relation to, among other things, the Placing and the Subscription. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company is pleased to announce that completion of the Placing and the Subscription took place on 17 July 2020 and 23 July 2020, respectively.

A total of 83,000,000 Placing Shares have been successfully placed at the Placing Price of HK$3.75 under the Placing.

Further, all the conditions of the Subscription have been fulfilled and completion of the Subscription took place on 23 July 2020. A total of 83,000,000 Subscription Shares (equal to the number of the Placing Shares successfully placed under the Placing) were subscribed by the Vendor at the Subscription Price (equal to the Placing Price).

-1-

The table below sets out the shareholding structure of the Company immediately after completion of the Subscription:

Number of Shares

Approximate %

The Vendor

1,806,633,881

68.27

Directors

41,233,410

1.56

Other core connected persons

15,860,968

0.60

Public Shareholders

782,550,741

29.57

Total

2,646,279,000

100.00

By Order of the Board

VPower Group International Holdings Limited

Lam Yee Chun

Executive Chairman

Hong Kong, 23 July 2020

As at the date hereof, the Board comprises Mr. Lam Yee Chun, Mr. Lee Chong Man Jason, Mr. Au-Yeung Tai Hong Rorce and Mr. Lo Siu Yuen as executive directors; Ms. Chan Mei Wan and Mr. Kwok Man Leung as non-executive directors; and Mr. David Tsoi, Mr. Yeung Wai Fai Andrew and Mr. Suen Wai Yu as independent non-executive directors.

-2-

Disclaimer

VPower Group International Holdings Ltd. published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 12:05:17 UTC


© Publicnow 2020
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Sales 2020 3 228 M 416 M 416 M
Net income 2020 503 M 64,9 M 64,9 M
Net Debt 2020 3 022 M 390 M 390 M
P/E ratio 2020 12,9x
Yield 2020 2,08%
Capitalization 6 784 M 875 M 875 M
EV / Sales 2020 3,04x
EV / Sales 2021 2,75x
Nbr of Employees 559
Free-Float 22,1%
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 4
Average target price 4,13 HKD
Last Close Price 2,45 HKD
Spread / Highest target 91,8%
Spread / Average Target 68,4%
Spread / Lowest Target 51,0%
EPS Revisions
Managers and Directors
NameTitle
Chong Man Lee Co-Chief Executive Officer & Executive Director
Tai Hong Au Yeung Co-Chief Executive Officer & Executive Director
Yee Chun Lam Executive Chairman
Siu Yuen Lo Chief Operating Officer & Executive Director
Kam Shing Chan Chief Financial Officer & Secretary
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