UBA INVESTMENTS LIMITED<0768> - Announcement
This advertisement is for information purposes only and does
not constitute an invitation or offer to acquire, purchase or
subscribe for securities. The Stock Exchange of Hong Kong Limited
and Hong Kong Securities Clearing Company Limited take no
responsibility for the contents of this advertisement, 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 advertisement. Unless otherwise defined in this
announcement, terms defined in the Prospectus (as defined below)
have the same meanings when used in this announcement.
UBA Investments Limited
(Incorporated in the Cayman Islands with limited liability)
NEW ISSUE
Number of New Shares
Offered for Public Subscription: 50,000,000 Shares
New Issue Price: HK$1.00 per New Share
Nominal value: HK$0.01 each
Stock code: 768
Investment Manager
Harmony Asset Management Limited
Sponsor
Yu Ming Investment Management Limited
Co-sponsors
Upbest Securities Company Limited Baron Capital Limited
Underwriters
Wing Hang Bank, Limited BOCI Securities Limited
Upbest Securities Company Limited
Application has been made to the Listing Committee of The Stock
Exchange of Hong Kong Limited (the "Stock Exchange") for the
listing of, and permission to deal in, the shares of HK$0.01
each (the "Shares") in the share capital of UBA Investments
Limited (the "Company") in issue and to be issued as described
in the prospectus of the company dated 4th January, 2000 (the
"Prospectus") and any Shares which may fall to be issued pursuant
to the general mandate as described in Appendix IV to the
Prospectus. Dealings in the Shares on the Stock Exchange are
expected to commence on 18th January, 2000. Subject to the
granting of listing of, and permission to deal in, the Shares
on the Stock Exchange as well as the compliance with the stock
admission requirements of Hong Kong Securities Clearing Company
Limited ("Hongkong Clearing"), the Shares will be accepted as
eligible securities by Hongkong Clearing for deposit, clearance
and settlement in the Central Clearing and Settlement System
("CCASS") with effect from the commencement date of dealings
in the Shares on the Stock Exchange or such other date as determined
by Hongkong Clearing. All activities under CCASS are subject
to General Rules of CCASS and CCASS Operational Procedures in
effect from time to time.
The issue of the new Shares ("New Issue") is subject to the
conditions as stated in the section headed "Conditions of the
New Issue" in the Prospectus. If the New Issue does not become
unconditional and will thereby lapse, all application money
received from applicants under the New Issue will be refunded
to the applicants, without interest, on the terms set out in
the section headed "Refund of your money" on the relevant
application forms.
The 50,000,000 new Shares ("New Shares") to be issued pursuant
to the New Issue, represents approximately 50 per cent. of the
enlarged issued share capital of the Company immediately upon
completion of the New Issue. For allocation purposes only, the
total number of the New Shares available for public subscription
under the New Issue will be divided equally into two pools: pool
A and pool B. The New Shares in pool A will be allocated on an
equitable basis only to applicants who have applied for the New
Shares with an aggregate subscription value of HK$5,000,000 or
less (excluding brokerage and Stock Exchange transaction levy
payable thereon). The New Shares in pool B will be allocated
on an equitable basis only to applicants who have applied for
the New Shares with an aggregate subscription value of more than
HK$5,000,000 and up to the total value of pool B (excluding
brokerage and Stock Exchange transaction levy payable thereon).
Applicants should be aware that applications in pool A and
applications in pool B, as well as applications in the same pool
(depending on the number of the Shares applied for), may receive
different allocation ratios. If either of the pools is
under-subscribed, the remaining New Shares will be transferred
to the other pool to satisfy demand in that pool and be allocated
on an equitable basis accordingly. Applicants can only receive
an allotment of New Shares from either pool A or pool B but not
from both pools. Only one application on a WHITE or YELLOW
application form may be made for the benefit of any person.
Multiple applications, or suspected multiple applications, or
any application for more than 25,000,000 New Shares, being 50%
of the New Shares initially available for subscription, or
applications where cheques are dishonourable upon first
presentation, will be rejected.
Applications for the New Shares being offered will only be
considered on the basis of the Prospectus and the application
forms relating thereto. Applicants under the New Issue who would
like to be allotted the New Shares of the Company in their names
should complete and sign the WHITE application forms. Applicants
under the New Issue who would like to have the New Shares issued
in the name of HKSCC Nominees Limited and deposited directly
into CCASS for credit to their investor participant stock accounts
or their designated CCASS participants' stock accounts
maintained in CCASS should complete and sign the YELLOW
application forms, copies of which, together with copies of the
Prospectus, may be obtained during normal business hours from
9:00 a.m. on 4th January, 2000 until 12:00 noon on 7th January,
2000 at the service counter of Hongkong Clearing at 2nd Floor,
Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong or its
investor service centre at Room 1901, Chinachem Exchange Square,
1 Hoi Wan Street, Quarry Bay, Hong Kong.
Copies of the Prospectus, together with the WHITE application
forms, may be obtained during normal business hours from 9:00
a.m. on 4th January, 2000 until 12:00 noon on 7th January, 2000
from:
1. Any member of the Stock Exchange
2. Yu Ming Investment Management Limited, Suite 51, 5th Floor,
New Henry House, 10 Ice House Street, Central, Hong Kong
3. Upbest Securities Company Limited, 2nd Floor, Wah Kit
Commercial Centre, 302 Des Voeux Road Central, Hong Kong
4. Baron Capital Limited, 8B Wah Kit Commercial Centre, 302 Des
Voeux Road Central, Hong Kong
5. BOCI Securities Limited, 21st Floor, Central Tower, 28 Queen's
Road Central, Hong Kong
6. Any of the following branches of Wing Hang Bank, Limited
Hong Kong Island: Main Branch 161 Queen's Road Central
Causeway Bay Branch 82 Percival Street
Central Branch B2 New Henry House,
10 Ice House Street
Western Branch 139-141 Des Voeux Road West
North Point Branch 431 King's Road
Kowloon: Kwun Tong Branch 22-24 Fu Yan Street
Mongkok Road Branch 16 Mong Kok Road
Tsim Sha Tsui Branch 71 Granville Road
New Territories: Tai Wai Branch 32-34 Tai Wai Road
Tsuen Wan Branch 35 Chung On Street
Both WHITE and YELLOW application forms, completed in all respects
(to which cheques or banker's cashier orders should be securely
stapled), should be deposited in the special collection boxes
provided at any one of the branches of Wing Hang Bank, Limited
referred to above during the following times:
Tuesday, 4th January, 2000 - 9:00 a.m. to 4:00p.m.
Wednesday, 5th January, 2000 - 9:00 a.m. to 4:00p.m
Thursday, 6th January, 2000 - 9:00 a.m. to 4:00p.m
Friday, 7th January, 2000 - 9:00 a.m. to 12:00 noon
Subject to the terms and conditions set out in the Prospectus
and the application forms relating thereto, applications made
on WHITE and YELLOW application forms must be received by no
later than 12:00 noon on 7th January, 2000 (or such later date
as may apply in the case of a tropical cyclone warning signal
No. 8 or above or a "black" rainstorm warning signal being in
force as described under the section headed "How to apply for
New Shares" set out in the Prospectus).
Results of the New Issue and the basis of allotment of the New
Shares will be announced in Hong Kong Standard (in English) and
Hong Kong Economic Times (in Chinese) on or before 11th January,
2000.
If you have applied for 1,000,000 New Shares or more under WHITE
application form and have indicated on your application form
that you will collect your share certificate(s) and/or refund
cheque in person, you may collect it/them in person from Standard
Registrars Limited at 5th Floor, Wing On Centre, 111 Connaught
Road Central, Hong Kong between 9:00 a.m. and 1:00 p.m. on the
date notified by the Company in the newspapers as the date of
despatch of share certificate(s) and/or refund cheque. This is
expected to be on 12th January, 2000. Applicants must show their
identification documents which must correspond with the
information contained in the application forms to collect their
share certificates or refund cheque. If applicants are applying
as individual investor, the applicants' I.D. should be presented
to collect their share certificates or refund cheque. If
applicants are applying as corporate investor the authorisation
letter of the company bearing the company's chop must be presented
to collect their share certificates or refund cheque.
If you have applied for 1,000,000 New Shares or more under YELLOW
application form and have indicated on your application form
that you will collect your refund cheque in person, the procedures
set out under the WHITE application form above will also apply.
If you are applying as an investor participant or through a
designated CCASS participant under YELLOW application form, your
share certificate(s) will be deposited into CCASS for credit
to your investor participant stock account or the stock account
of your designated CCASS participant as instructed by you at
the close of business on 12th January, 2000, or any other date
as shall be determined by Hongkong Clearing or HKSCC Nominees
Limited. You should check the number of New Issue Shares allotted
to you with your designated CCASS participant if you are applying
through a designated CCASS participant or via the CCASS Phone
System if you are applying as an investor participant. For
investor participants, Hongkong Clearing will also mail to you
an activity statement showing the number of the New Shares
credited to your investor participant stock account.
Hong Kong, 4th January, 2000
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