REPL::Asset Acquisitions and Disposals::PROPOSED ACQUISITION OF GRACE HEALTH GROUP LIMITED
Issuer & Securities
Issuer/ Manager
SWING MEDIA TECHNOLOGY GRP LTD
Securities
SWING MEDIA TECHNOLOGY GRP LTD - BMG8609Q2775 - BEV
Stapled Security
No
Announcement Details
Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
20-Feb-2017 18:13:56
Status
Replacement
Announcement Sub Title
PROPOSED ACQUISITION OF GRACE HEALTH GROUP LIMITED
Announcement Reference
SG170219OTHRR4CY
Submitted By (Co./ Ind. Name)
Johnny Chan Hon Chung
Designation
Director / Company Secretary
Description (Please provide a detailed description of the event in the box below)
The board of directors (the ''Board'') of Swing Media Technology Group Limited (the ''Company'' , and together with its subsidiaries, the ''Group'') refers to the announcement released by the Company on 19 February 2017 in relation to the Proposed Acquisition (the ''Announcement''). The Board wishes to clarify that the effect of the Proposed Acquisition on the Company's NTA per Share attributable to Shareholders is (i) HK$27.37 before the completion of the Proposed Acquisition, (ii) expected to be HK$21.23 after the completion of the Proposed Acquisition, and (iii) expected to be HK$12.30 after the completion of the Proposed Acquisition and the issuance of the new Shares and/or conversion of the Convertible Bonds pursuant to the Fundraising Activities.
Please refer to the attached announcement.
Attachments
Clarification Announcement.pdf
Total size =67K
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