CDF, on behalf of KGI Capital Asia Limited, announced the Board's resolution to arrange a capital increase by issuing new shares

2019-12-11
Announcements

Date of announcement  2019/12/11
Time of announcement  18:18:55
 
Date of events   2019/12/11 
To which item it meets paragraph 11
Statement 
1.Date of the board of directors resolution:2019/12/11
2.Source of capital increase funds: Capital increase by issuance of new shares
3.Number of shares issued:90 million shares
4.Par value per share:USD 1
5.Total monetary amount of the issue:USD 90 million
6.Issue price:N/A
7.Number of shares subscribed by or allotted to employees:N/A
8.Number of shares publicly sold:N/A
9.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:N/A
10.Method of handling fractional shares and shares unsubscribed by the deadline:N/A
11.Rights and obligations of the newly issued shares: Same as existing shares
12.Utilization of the funds from the capital increase: To strengthen capital structure
13.Any other matters that need to be specified: Capital increase by issuance of new shares to take place upon approval of Board Meeting of CDFH.