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
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. VPower Group International Holdings Limited
  6. News
  7. Summary
    1608   KYG939541085

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED

(1608)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

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

07/23/2020 | 08:05am EDT

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


ę Publicnow 2020
All news about VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED
07/28VPOWER INTERNATIONAL : Next day disclosure return - changes in issued shares cap..
PU
06/11VPower Group International Holdings Limited Declares Final Dividend for the Y..
CI
05/03VPOWER INTERNATIONAL : Terms of reference of the remuneration committee
PU
04/26VPOWER INTERNATIONAL : Proposals for re-election of retiring directors, general ..
PU
04/26FORM OF PROXY FOR USE AT THE ANNUAL : 00 a.m.
PU
04/26VPower Group International Holdings Limited Recommends Payment of Final Divid..
CI
04/25Vpower Group International Holdings Limited Reports Earnings Results for the ..
CI
03/25VPower Group International Holdings Limited Proposes Final Dividend for the Y..
CI
01/24VPOWER INTERNATIONAL : Group Announces Positive Profit Alert, Net Profit Expects..
AQ
01/22Vpower Group International Holdings Limited Provides Earnings Guidance for th..
CI
More news
Financials
Sales 2021 3 117 M 401 M 401 M
Net income 2021 752 M 96,7 M 96,7 M
Net Debt 2021 2 361 M 304 M 304 M
P/E ratio 2021 7,77x
Yield 2021 3,20%
Capitalization 4 517 M 581 M 581 M
EV / Sales 2021 2,21x
EV / Sales 2022 1,76x
Nbr of Employees 628
Free-Float 22,0%
Chart VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED
Duration : Period :
VPower Group International Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1,69 HKD
Average target price 3,57 HKD
Spread / Average Target 111%
EPS Revisions
Managers and Directors
Chong Man Lee Co-Chief Executive Officer & Executive Director
Tai Hong Au Yeung Co-Chief Executive Officer & Executive Director
Kam Shing Chan Chief Financial Officer & Secretary
Yee Chun Lam Executive Chairman
Siu Yuen Lo Chief Operating Officer & Executive Director
Sector and Competitors