Tue Nov 19, 2019 02:36
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Ch All Access (00633) up 68% as placing being planned
12 Jul 2019
(Infocast News) China All Access (00633) announced that it entered into an MOU on 5 July 2019 for proposed placing of new shares to independent third party VCB Asia Telco Fund, which will own more than 30% of the enlarged issued share capital of China All Access immediately upon completion of the possible subscription of shares.

It is intended that the proposed subscriber will subscribe for the shares in cash. The proposed subscription is subject to approval by the shareholders of China All Access and the Securities and Future Commission's granting of a whitewash waiver pursuant to Note 1 on dispensations from Rule 26 of the Hong Kong Code on Takeovers and Mergers in respect of any obligation of the proposed subscriber to make mandatory general offer for all the issued shares of China All Access.

China All Access has been trading 15.8-68.4% higher today at HK$0.22-0.32 following the announcement.

(WL)
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