WANGUO INTERNATIONAL MINING GROUP 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.
Wanguo International Mining Group Limited 萬國國際礦業集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 3939)
COMPLETION OF SUBSCRIPTION OF NEW SHARES
UNDER GENERAL MANDATE
References are made to the announcements of Wanguo International Mining Group Limited (the "Company") dated 29 December 2020 and 22 February 2021 respectively (the "Announcements") in relation to, among other things, the subscription of new shares under general mandate. Unless otherwise stated, terms used herein shall have the same meanings as defined in the Announcements.
The Board is pleased to announce that all conditions precedent of the Subscription have been fulfilled and completion of the Subscription took place on 2 March 2021. Pursuant to the terms and conditions of the Subscription Agreement (as supplemented by the supplementary agreement dated 26 January 2021 as referred to in the Announcements), 108,000,000 Subscription Shares, representing approximately 13.04% of the issued share capital of the Company as enlarged by the allotment and issuance of the Subscription Shares, have been allotted and issued to Humon Mining (an indirectly wholly-owned subsidiary of the Subscriber) under the General Mandate at the Subscription Price of HK$2.18 per Subscription Share.
Immediately upon completion of the Subscription, Humon Mining has become a substantial shareholder (as defined in the Listing Rules) of the Company.
EFFECTS ON SHAREHOLDING STRUCTURE OF THE COMPANY
To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, the shareholding structure of the Company immediately before and after the allotment and issuance of the Subscription Shares is as follows:
Name of the Shareholders
Immediately before | Immediately after allotment |
allotment and issuance of the | and issuance of the |
Subscription Shares | Subscription Shares |
Number of Approx. % | Number of Approx. % |
Shares | Shares |
Victor Soar Investments Limited1 | 281,400,000 | 39.08 | 281,400,000 | 33.99 |
Achieve Ample Investments Limited2 | 138,600,000 | 19.25 | 138,600,000 | 16.74 |
Cheng Tun3 | 91,510,000 | 12.71 | 91,510,000 | 11.05 |
Humon Mining | - | - | 108,000,000 | 13.04 |
Public Shareholders | 208,490,000 | 28.96 | 208,490,000 | 25.18 |
Total | 720,000,000 | 100.00 | 828,000,000 | 100.00 |
Notes: |
1. Victor Soar Investments Limited is wholly-owned and controlled by Mr. Gao Mingqing. Mr. Gao Mingqing is the Chairman, Chief Executive Officer and an executive Director.
2. Achieve Ample Investments Limited is wholly-owned and controlled by Ms. Gao Jinzhu. Ms. Gao Jinzhu is an executive Director.
3. Cheng Tun Prime Shine Limited is a wholly-owned subsidiary of Shenzhen Chengtun Equity Investments Company Limited（深圳盛屯股權投資有限公司）, which in turn is wholly-owned by Chengtun Mining Group Co., Ltd., a company listed on Shanghai Stock Exchange with stock code: 600711.
By Order of the Board
Wanguo International Mining Group Limited
Gao Mingqing
Chairman
Hong Kong, 2 March 2021
As at the date of this announcement, the Board comprises Mr. Gao Mingqing (Chairman), Ms. Gao Jinzhu, Mr. Xie Yaolin and Mr. Liu Zhichun as executive Directors; Mr. Li Kwok Ping and Mr. Lee Hung Yuen as non-executive Directors; and Dr. Lu Jian Zhong, Mr. Qi Yang, Mr. Shen Peng and Mr. Wang Xin as independent non-executive Directors.
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Wanguo International Mining Group Ltd. published this content on 02 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 09:14:08 UTC.
