From press release 5 mins ago:
The Board is pleased to announce that on 27 July 2015, the Company entered into the Subscription Agreement with the Subscriber pursuant to which the Company has agreed to allot and issue to the Subscriber, and the Subscriber has agreed to subscribe for 465,910,000 Subscription Shares, at the Subscription Price of HK$3,488,895,000, upon the terms and subject to the conditions set out in the Subscription Agreement.
The 465,910,000 Subscription Shares represent (i) approximately 11.11% of the existing number of issued H Shares, and approximately 3.68% of the existing number of issued Shares as at the date of this announcement; and (ii) 10% of the then total number of issued H Shares (assuming that there is no change in the total number of issued H Shares other than the Subscription Shares since the date of the Subscription Agreement and up to Completion), and approximately 3.55% of the then total number of issued Shares (assuming that no Placing Shares under the Proposed A Share Placing are issued and there is no change in the total number of issued Shares other than the Subscription Shares since the date of the Subscription Agreement and up to Completion), in each case, as enlarged by the allotment and issue of the Subscription Shares. The aggregate nominal value of the Subscription Shares under the Subscription will be RMB465,910,000.
Assuming 465,910,000 Subscription Shares are subscribed for under the Subscription, the gross proceeds from the Subscription will be approximately HK$3,489 million and the net proceeds from the Subscription will be approximately HK$3,474 million (after deduction of expenses of the Subscription payable by the Company). The Company intends to utilize the net proceeds for working capital and other general corporate purposes.
