Voicecomm Technology Extends Deadline for Share Subscription
MT Newswires Live
Mar 09
Voicecomm Technology (HKG:2495) extended the deadline for its planned issue of new Hong Kong-listed shares under a general mandate to April 10 from March 12, according to a Monday Hong Kong bourse filing.
The extension was agreed with the subscriber State Fortune Global Strategic LPF, as more time is required to fulfill the conditions precedent under the subscription agreement.
Voicecomm in January agreed to issue 6.7 million new shares at HK$46.3 apiece to the subscriber, with net proceeds expected to total about HK$311.1 million.
The shares represent about 19% of the company's existing share capital and about 16% of its enlarged share capital after completion.
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