Announcement 2017-064 released by XEPT on NEEQ Stock Exchange late yesterday. It doesn't shed any obvious light on the outcome of our tripartite deal but gives us an idea of the value of XEPT.
This is the Google translated output of the announcement:
Announcement number: 2017-064
1
Stock Code: 871116 Stock Abbreviation: Xiaoqing Environmental Sponsor: CSCEC
Xiaoqing Environmental Technology Co., Ltd.
Stock lifting of the sale notice
First, the batch of shares to lift the overall situation of restricted sales
The total number of shares of the lifting of the sale of 15,461,250 shares, accounting for the total share capital of the company
Of the ratio is 10.14%, the transferable time is December 18, 2017.
Second, the lifting of the sale of shares of the details
Unit: shares
Serial number of the shareholder's name
Or name
Is it holding?
Shareholders or actual
Controller
Directors, supervisors,
Senior manager
Staffing situation
As of 2017
Hold on October 20
Number of shares
The shareholding ratio this lifting of the sale
Number of registered shares
1 Li Suqin
Yes
Director, deputy
General manager
18,345,000 12.03%
4,586,250
2 Li Yanmei
Yes
no
2,430,000
1.59%
810,000
3 Han Xiaoqing
Yes
Chairman, total
manager
40,260,000 26.40% 10,065,000
total
61,035,000 40.02%
15,461,250
Third, the batch of shares after the release of restricted shares of the situation
Unit: shares
The nature of the shares
Quantity
percentage
Unrestricted shares
103,519,583
67.8817%
All members of the Company and the Board of Directors hereby certify that the contents of the Announcement are true, accurate and complete and that there is no false record
Misleading statement or material omission, and for the truthfulness, accuracy and completeness of its contents
Individual and joint legal responsibility.
Page 2
Announcement number: 2017-064
2
1, executives shares
43,953,750
28.8221%
2, individuals or funds
1,620,000
1.0623%
Limited sales
Share of shares
3, other legal persons
3,406,667
2.2339%
4, other
0
0.0000%
Total shares with sales restriction
48,980,417
32.1183%
Total share capital
152,500,000
100.0000%
Fourth, other circumstances
(A) in this batch of shares to lift the sale, there is no listed company, listed company
Shareholders agreed, the shares of the restricted shares promised.
(B) the application for lifting of the restricted shareholders there is no commitment to perform.
(III) There is no non-operating capital of the listed company for the shareholders who have applied to lift the restricted shares
Occupation situation.
(D) there is no listed companies to apply for lifting the restricted shareholders of illegal security and other losses
Harm the company listed the interests of the situation.
Xiaoqing Environmental Technology Co., Ltd.
Board of Directors
December 13, 2017
I've redone the two tables from the announcement for clarity:
The percentages to the right of the first table are added by me and indicate the increase in the number of registered shares for each person listed.
The numbers below the second table are also added by me. The Yuan/share price of 7.25 is derived from the announcement of the 29th Nov that specifies that the capital raising will be based on a share price between 7.00 to 7.50 Yuan (so I used the average 7.25).
The number immediately below that is the market cap in Yuan (and below that in AUD). Numbers to the right of that are the capital raising value in Yuan & AUD (242.5m & 48.5m), and the revised market cap (1.348b & 270m)
Enjoy...
