Interesting news about WWTT. Notice the date at the very bottom.
ET Net News Agency, 16 April 2015 World Wide Touch Technology (WWTT) (01282) said it entered into a memorandum of understanding with Tinmark Development Limited in relation to the proposed subscription for shares and/or convertible securities of WWTT by the investor.
The investor proposed to subscribe, or procure its nominee to subscribe, for shares and/or convertible securities of WWTT with an aggregate amount of around HK$1,500 million (about $190 million). The issue price and/or conversion price per share is agreed to be HK$0.18, representing a discount of about 41% to the closing price of HK$0.305.
Since July 2013, the Group has diversified the business from electronic contracting service to machineries trading and technology investment. WWTT believes that with the introduction of the investor, it will be in a better position to identify and capture new business opportunities. (HL)
//////
NOTICE OF EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (the ‘‘EGM’’) of World Wide Touch Technology (Holdings) Limited (the ‘‘Company’’) will be held at 3 p.m. on 15 July 2015 at Taishan Room, Level 5, Island Shangri-La Hong Kong, Pacific Place,
Supreme Court Road, Central, Hong Kong for the following purpose of considering and, if thought fit, passing with or without amendment, the following resolutions as ordinary resolutions:
ORDINARY RESOLUTIONS
1. ‘‘THAT:
(a) the subscription agreement (the ‘‘Subscription Agreement’’) entered into between the Company and Tinmark Development Limited, Foresea Life Insurance Co., Ltd., Mr. Fang Jianfu, New Ethics Limited), State Leap Limited, Golden Chain International Limited,
Robust Sino Limited and Dawnfield Investment Limited (collectively, the ‘‘Investors’’) dated 9 May 2015 pursuant to which the Investors agreed to subscribe and procure the subscription of 18,611,994,100 new shares of the Company (the ‘‘Subscription Shares’’) at an aggregate consideration of
HK$3,350,158,138 at the subscription price of HK$0.18 per Subscription Share (the principal terms of which are set out in the circular of the Company dated 29 June 2015 the ‘‘Circular’’), and a copy of which having been produced to this meeting
and marked ‘‘A’’ and initialled by the chairman of this meeting for the purpose of identification), and the transactions contemplated thereby be and are hereby approved, confirmed and ratified;
// skipping "2."
3. ‘‘THAT:
(a) the authorised share capital of the Company be increased from HK$350,000,000 divided into 3,500,000,000 shares of par value HK$0.10 each to HK$50,000,000,000 divided into 500,000,000,000 Shares with effect from the date of passing this resolution; and
(b) any one or more directors of the Company be and are hereby authorised to do all such further acts and things and to sign and execute all such documents and to take all such steps which in his opinion may be necessary, appropriate, desirable or expedient to implement and/or give effect to the transactions contemplated under this resolution.’’
Yours faithfully
By the order of the Board
WORLD WIDE TOUCH TECHNOLOGY (HOLDINGS) LIMITED
Wong Kwok Fong
Chairman and Chief Executive Officer
Hong Kong, 29 June 2015
AI
