BUB bubs australia limited

Ann: Trading Halt, page-72

  1. 1 Posts.
    https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0705/2022070500359.pdf

    References are made to the announcements of Alpha Professional Holdings Limited (the “Company”)
    dated 3 March 2022 and 24 March 2022 (the “Announcements”) in relation to the Subscription. Unless
    otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as
    those defined in the Announcements.
    This announcement is made in accordance with Rule 14.36 of the Listing Rules in respect of an
    amendment to the terms of the Subscription.

    THE AMENDMENT DEED
    As disclosed in the Announcements, pursuant to the Subscription Agreement, among other things, Willis
    Trading shall subscribe for 9,541,620 Bubs Shares (representing approximately 1.56% of the existing
    issued share capital of BUBS Australia) if the Group’s purchase orders placed with BUBS Australia
    or its subsidiaries reach the amount of not less than A$50,000,000 (equivalent to approximately
    HK$270,315,000) for the period from 1 July 2021 to 30 June 2022 (the “2022 Purchase Target”).
    The Board is pleased to announce that, on 5 July 2022, Willis Trading (an indirect wholly-owned
    subsidiary of the Company) and BUBS Australia entered into an amendment deed (the “Amendment
    Deed”) to adjust the 2022 Purchase Target downward to A$44,000,000 (equivalent to approximately
    HK$237,877,000) for such period after arm’s length negotiations between Wills Trading and BUBS
    Australia with reference to the recent decrease in the availability of products of BUBS Australia to the
    Group.

    It seems the demand from US is affecting the daigou business.
 
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(20min delay)
Last
16.0¢
Change
0.000(0.00%)
Mkt cap ! $142.9M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 68534 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 3500 1
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