XINYI ENERGY HOLDINGS LIMITED 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.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.
XINYI ENERGY HOLDINGS LIMITED
信 義 能 源 控 股 有 限 公 司
(Incorporated in the British Virgin Islands with limited liability)
(Stock code: 03868)
PLACING AND SUBSCRIPTION OF NEW SHARES
UNDER GENERAL MANDATE
Sole Placing Agent for the Placing
Reference is made to the announcement of the Company dated 14 September 2020 (the "Announcement") in relation to, among other matters, the Placing. Unless defined otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
COMPLETION OF THE PLACING
The Board is pleased to announce that all conditions to completion of the Placing have been fulfilled and completion of the Placing took place on 21 September 2020. A total of 357,520,000 new Shares, representing approximately 5.03% of the total issued share capital of the Company as at the date of this announcement (as enlarged by the allotment and issue of the Placing Shares), have been successfully placed to the Placees at a price of HK$2.50 per Placing Share on the terms and conditions provided in the Placing Agreement. To the best of the Company's knowledge, information and belief, and having made all reasonable enquiries, (i) the Sole Placing Agent, the Placees and their respective ultimate beneficial owner(s) are Independent Third Parties; and (ii) none of the Placees have become a substantial Shareholder (as defined under the Listing Rules) immediately after completion of the Placing.
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The gross proceeds from the Placing are approximately HK$893.8 million, and net proceeds, after deduction of all related fees and expenses, are approximately HK$893.2 million. As stated in the Announcement, the Company intends to use the net proceeds raised from the Placing for general working capital of the Company and its subsidiaries.
EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY
Based on the information available to the Company, set out below is the shareholding structure of the Company as at the date of this announcement (i) immediately before the completion of the Placing; and (ii) immediately after completion of the Placing:
As of the date of this | As of the date of this | ||||||||
announcement | announcement | ||||||||
immediately before | immediately after | ||||||||
completion of the | completion of the | ||||||||
Placing | Placing | ||||||||
% of the | % of the | ||||||||
issued | issued | ||||||||
Number of | share | Number of | share | ||||||
Name of Shareholders | Shares | capital | Shares | capital | |||||
Xinyi Group (Glass) Company Limited | |||||||||
(Note 1) | 393,074,211 | 5.82 | 393,074,211 | 5.53 | |||||
Xinyi Glass Holdings Limited | 35,272,000 | 0.52 | 35,272,000 | 0.50 | |||||
Xinyi Power (BVI) Limited (Note 2) | 3,558,555,000 | 52.70 | 3,558,555,000 | 50.05 | |||||
Full Guang Holdings Limited (Note 3) | 7,606,019 | 0.11 | 7,606,019 | 0.11 | |||||
Dr. LEE Yin Yee, B.B.S. and his associates | |||||||||
(Note 4) | 548,771,992 | 8.13 | 548,771,992 | 7.72 | |||||
Tan Sri Datuk TUNG Ching Sai P.S.M, | |||||||||
D.M.S.M and his associates (Note 5) | 232,034,796 | 3.44 | 232,034,796 | 3.26 | |||||
Mr. TUNG Ching Bor and his associates | |||||||||
(Note 6) | 234,028,473 | 3.47 | 234,028,473 | 3.29 | |||||
Mr. LEE Sing Din and his associates | |||||||||
(Note 7) | 148,667,889 | 2.20 | 148,667,889 | 2.09 | |||||
Mr. LI Man Yin and his associates (Note 8) | 54,741,099 | 0.81 | 54,741,099 | 0.77 | |||||
Mr. LI Ching Wai and his associates | |||||||||
(Note 9) | 58,571,793 | 0.87 | 58,571,793 | 0.82 | |||||
Mr. SZE Nang Sze and his associates | |||||||||
(Note 10) | 72,716,178 | 1.08 | 72,716,178 | 1.02 | |||||
Mr. NG Ngan Ho and his associates | |||||||||
(Note 11) | 54,256,528 | 0.80 | 54,256,528 | 0.76 | |||||
Mr. LI Ching Leung and his associates | |||||||||
(Note 12) | 54,766,962 | 0.81 | 54,766,962 | 0.77 | |||||
Sub-total | |||||||||
5,453,062,940 | 80.76 | 5,453,062,940 | 76.69 | ||||||
Public Shareholders (Note 13) | 1,299,415,531 | 19.24 | 1,656,935,531 | 23.31 | |||||
Total | |||||||||
6,752,478,471 | 100.00 | 7,109,998,471 | 100.00 | ||||||
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Notes:-
- Xinyi Group (Glass) Company Limited is a wholly owned subsidiary of Xinyi Automobile Glass (BVI) Company Limited, which is in turn wholly-owned by Xinyi Glass Holdings Limited.
- Xinyi Power (BVI) Limited is a wholly owned subsidiary of Xinyi Solar Holdings Limited.
- The interest in the Shares are held through Full Guang Holdings Limited, which is owned by Dr. LEE Yin Yee, B.B.S. as to 33.98%, Mr. TUNG Ching Bor as to 16.21%, Tan Sri Datuk TUNG Ching Sai P.S.M, D.M.S.M as to 16.21%, Mr. LEE Sing Din (father of Mr. LEE Yau Ching) as to 11.85%, Mr. LI Ching Wai as to 5.56%, Mr. NG Ngan Ho as to 3.70%, Mr. LI Man Yin as to 3.70%, Mr. SZE Nang Sze as to 5.09% and Mr. LI Ching Leung as to 3.70%.
- Dr. LEE Yin Yee, B.B.S. is the beneficial owner of the entire issued share capital of Realbest Investment Limited and Charm Dazzle Limited which in turn are the registered owner of 82,901,405 and 457,957,500 Shares respectively. Dr. LEE Yin Yee, B.B.S. also has 3,575,733 Shares jointly held with and 4,337,354 Shares directly held by his spouse, Madam TUNG Hai Chi.
- Tan Sri Datuk TUNG Ching Sai P.S.M, D.M.S.M is the beneficial owner of the entire issued share capital of Copark Investment Limited and Sharp Elite Holdings Limited which in turn are the registered owner of 29,803,255 and 187,687,500 Shares respectively. Tan Sri Datuk TUNG Ching Sai P.S.M, D.M.S.M is also deemed to be interested in 14,544,041 Shares directly held by his spouse, Puan Sri Datin SZE Tan Hung.
- Mr. TUNG Ching Bor's interests in the Shares are held through High Park Technology Limited and Xu Feng Limited which in turn are the registered owner of 30,495,067 and 187,687,500 Shares respectively. Mr. TUNG Ching Bor has 10,188,000 Shares jointly held with and 5,657,906 Shares directly held by his spouse, Madam KUNG Sau Wai.
- Mr. LEE Sing Din's interests in the Shares are held through Telerich Investment Limited and Precious Smart Limited which in turn are the registered owner of 28,760,771 and 112,612,500 Shares respectively. Mr. LEE Sing Din also has 375,000 Shares held in his own name and 6,919,618 Shares through a joint account with his spouse, Madam LI Kam Ha.
- Mr. LI Man Yin's interests in the Shares are held through Perfect All Investments Limited and Will Sail Limited which in turn are the registered owner of 9,139,496 and 45,045,000 Shares respectively. Mr. LI Man Yin also has 394,278 Shares held in his own name and 162,325 Shares through his spouse, Madam LI Sau Suet.
- Mr. LI Ching Wai's interests in the Shares are held through Goldbo International Limited and Yuanyi Limited which in turn are the registered owner of 13,326,793 and 45,045,000 Shares respectively. Mr. LI Ching Wai also has 200,000 Shares held in his own name.
- Mr. SZE Nang Sze's interests in the Shares are held through Goldpine Limited and Day Dimension Investments Limited which in turn are the registered owner of 12,656,178 and 60,060,000 Shares respectively.
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- Mr. NG Ngan Ho's interests in the Shares are held through Linkall Investment Limited and Far High Investments Limited which in turn are the registered owner of 8,935,103 and 45,045,000 Shares respectively. Mr. NG Ngan Ho also has 276,425 Shares held in his own name.
- Mr. LI Ching Leung's interests in the Shares are held through Herosmart Holdings Limited and Heng Zhuo Limited which in turn are the registered owner of 8,899,770 and 45,045,000 Shares respectively. Mr. LI Ching Leung also has 776,322 Shares held in his own name and 45,870 Shares through his spouse, Madam DY Maria Lumin.
- Public shareholders means all the public Shareholders (including the Placees).
By order of the board of directors of
Xinyi Energy Holdings Limited
TUNG Fong Ngai
Executive Director and
Chief Executive Officer
Hong Kong, 21 September 2020
As of the date of this announcement, Mr. LEE Shing Put, B.B.S. (Chairman), Tan Sri Datuk TUNG Ching Sai P.S.M, D.M.S.M, Mr. TUNG Fong Ngai (Chief Executive Officer), Mr. LEE Yau Ching and Ms. CHENG Shu E are the executive Directors and Mr. LEUNG Ting Yuk, The Hon. IP Kwok Him, G.B.M., G.B.S., J.P. and Ms. LYU Fang are the independent non-executive Directors.
This announcement is published on the website of the Stock Exchange at www.hkexnews.hk and on the website of the Company at www.xinyienergy.com.
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Xinyi Energy Holdings Ltd. published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2020 08:39:07 UTC
