Conditions of the Rights Issue. The Rights Issue is conditional upon the Underwriting Agreement having become unconditional and the Joint Underwriters not having terminated the Underwriting Agreement in accordance with the terms thereof. If the Underwriting Agreement has not become unconditional in accordance with its terms, the Rights Issue will not proceed. Stamp duty and other applicable fees and charges Dealings in the Rights Shares (in both nil-paid and fully-paid forms) will be subject to the payment of stamp duty, the HKEX trading fee, the SFC transaction levy, Accounting and Financial Reporting Council transaction levy and any other applicable fees, levies and charges in Hong Kong.
Conditions of the Rights Issue. The Rights Issue is subject to, among others, the following conditions:
Conditions of the Rights Issue. The Rights Issue is conditional upon the obligations of the Underwriter under the Underwriting Agreement becoming unconditional and that the Underwriting Agreement is not terminated in accordance with its terms. FUND RAISING EXERCISE OF THE COMPANY IN THE PAST 12 MONTHS The Company has conducted the following fundraising activity involving issue of equity securities during the 12 months immediately preceding the date of this announcement: Date of announcement Fund raising activities Net proceeds Intended use of net proceeds Actual use of the net proceeds 8 September 2021 (date of agreement) and 29 October 2021 (date of completion) Subscription of new Shares under general mandate Approximately HK$17,576,500 General working capital Net proceeds has been fully used as intended 3 December 2021 (date of agreement) and 19 April 2022 (date of completion) Placing of convertible bonds under specific mandate Approximately HK$26,500,000
Conditions of the Rights Issue. The Rights Issue is not conditional on the Subscription Agreement having been signed or completed but will be conditional upon (i) obtaining the Independent Shareholders’ approval for the Rights Issue, Underwriting Agreement and the Whitewash Waiver; and (ii) the Underwriting Agreement becoming unconditional and not being terminated in accordance with its terms. For details of the conditions of the Underwriting Agreement, please refer to “Underwriting Agreement – Conditions of the Underwriting Agreement” in this announcement. THE PLACING AGREEMENT On 1 June 2020 (after trading hours), the Company and the Placing Agent entered into the Placing Agreement, pursuant to which the Placing Agent has conditionally agreed to procure Placee(s), on a best effort basis, to subscribe for the Unsubscribed Rights Shares and the NQS Unsold Rights Shares. Details of the Placing Agreement are as follows: Date : 1 June 2020 (after trading hours) Placing Agent : Merdeka Securities Limited was appointed as the Placing Agent to procure, on a best effort basis, Placees to subscribe for the Unsubscribed Rights Shares and the NQS Unsold Rights Shares. The Placing Agent confirmed that:
