Post by stevenlsf on Dec 10, 2013 19:37:41 GMT 7
ChinaYuanb: CHANGE IN CAPITAL :: PLACEMENT :: PLACEMENT OF 39,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF CHINA YUANBANG PROPERTY HOLDINGS LTD
It is a typical price push before share placement. Just don't understand why there are so many investors who still subscribe at such high price
The directors of China Yuanbang Property Holdings Limited (the “Company” and together with its subsidiaries, the "Group") wish to announce that the Company has entered into subscription agreements on 6 December 2013 and 9 December 2013 (the "Subscription Agreements") with the persons listed in the table below (the "Subscribers"). Subject to and upon the terms of the Subscription Agreements, the Subscribers have agreed to subscribe and pay for an aggregate of 39,000,000 New Shares at the price of S$0.245 for each New Share (the "Placement Price"), amounting to an aggregate subscription consideration of S$9,555,000, in the following proportions:
It is a typical price push before share placement. Just don't understand why there are so many investors who still subscribe at such high price
The directors of China Yuanbang Property Holdings Limited (the “Company” and together with its subsidiaries, the "Group") wish to announce that the Company has entered into subscription agreements on 6 December 2013 and 9 December 2013 (the "Subscription Agreements") with the persons listed in the table below (the "Subscribers"). Subject to and upon the terms of the Subscription Agreements, the Subscribers have agreed to subscribe and pay for an aggregate of 39,000,000 New Shares at the price of S$0.245 for each New Share (the "Placement Price"), amounting to an aggregate subscription consideration of S$9,555,000, in the following proportions:
