UBA INVESTMENTS LIMITED<0768> - Announcement
This announcement 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 (the "Stock Exchange") and
Hong Kong Securities Clearing Company Limited ("Hongkong
Clearing") take no responsibility for the contents of this
announcement, 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 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
Unless otherwise defined herein, terms used in this announcement
shall have the same meanings as those defined in the prospectus
(the "Prospectus") dated 4th January, 2000 issued by UBA
Investments Limited (the "Company").
Summary
* A total of 236 valid applications have been received for a total
of 54,018,000 New Shares which is equivalent to approximately 1.08
times the total number of 50,000,000 New Shares available for
application under the New Issue.
* Share certificates and refund cheques (if any, which are either
not available for personal collection or which are so available
but are not collected in person) will be despatched by ordinary
post to those entitled at their own risk on or before Wednesday,
12th January, 2000.
* Share certificates for the New Shares allotted to applicants
using YELLOW application forms will be deposited into CCASS for
credit to the applicants' designated CCASS participants' stock
accounts at the close of business on Wednesday, 12th January, 2000
or any other date as shall be determined by Hongkong Clearing or
HKSCC Nominees Limited.
* Dealings in the Shares on the Stock Exchange are expected to
commence at 10:00 a.m. on 18th January, 2000.
Applications received and allocation of shares
The Directors announce that at the close of the application lists
at 12:00 noon on Friday, 7th January, 2000, a total of 236 valid
applications have been received pursuant to the New Issue on WHITE
and YELLOW application forms for a total of 54,018,000 New Shares,
equivalent to approximately 1.08 times the total number of
50,000,000 New Shares ("Offer Shares") available for application
on WHITE and YELLOW application forms.
Of the applications received on WHITE and YELLOW application forms,
a total of 233 applications in respect of a total of 33,918,000
Offer Shares were made for the Offer Shares in the value
(excluding brokerage and Stock Exchange transaction levy) of HK$5
million or less (equivalent to approximately 1.36 times the total
number of 25,000,000 Offer Shares available for allocation in pool
A), and a total of 3 applications in respect of a total of
20,100,000 Offer Shares were made for Offer Shares in the value
(excluding brokerage and Stock Exchange transaction levy) of more
than HK$5 million and up to the total value of pool B (equivalent
to approximately 80.4 per cent. of the total number of 25,000,000
Offer Shares available for allocation in pool B). No multiple
applications or suspected multiple applications have been
identified and rejected. The surplus Offer Shares initially
available for allocation in pool B have been transferred to pool A
to satisfy demand in that pool and have been allocated
accordingly. No application for more than 50 per cent. of the
Offer Shares being offered to the public for subscription in
either pool A or pool B has been identified.
The Underwriters have not applied for any Offer Shares for their
own accounts or for the account of their subsidiaries, associates
(as defined in the Listing Rules) or funds managed by them. No
Offer Shares are allotted to the Directors or chief executive of
the Company or existing beneficial owners of the Shares, or
associates (as defined in the Listing Rules) or any of them.
basis of allocation
Subject to satisfaction of the conditions set out in the section
headed "Conditions of the New Issue" in the Prospectus, the
50,000,000 Offer Shares available for application on WHITE and
YELLOW application forms will be allocated as follows:
Approximate percentage
of the Offer Shares to
Number of Number of be allotted based on the
New Shares valid total number of the Offer Shares
applied for applications Basis of allocation applied for
(%)
Pool A:
2,000 62 2,000 New Shares 100%
4,000 12 4,000 New Shares 100%
6,000 2 6,000 New Shares 100%
8,000 7 8,000 New Shares 100%
10,000 44 10,000 New Shares 100%
12,000 2 12,000 New Shares 100%
16,000 4 16,000 New Shares 100%
20,000 29 20,000 New Shares 100%
30,000 14 30,000 New Shares 100%
40,000 6 40,000 New Shares 100%
50,000 15 50,000 New Shares 100%
60,000 2 54,000 New Shares 90%
80,000 3 72,000 New Shares 90%
100,000 10 88,000 New Shares 88%
150,000 1 132,000 New Shares 88%
200,000 6 176,000 New Shares 88%
250,000 1 220,000 New Shares 88%
300,000 2 262,000 New Shares 87.33%
600,000 1 524,000 New Shares 87.33%
1,000,000 3 870,000 New Shares 87%
2,000,000 2 1,740,000 New Shares 87%
3,000,000 2 2,610,000 New Shares 87%
4,000,000 1 3,480,000 New Shares 87%
5,000,000 2 4,346,000 New Shares 86.92%
Total 233 29,900,000 New Shares
Pool B:
5,100,000 1 5,100,000 New Shares 100%
6,000,000 1 6,000,000 New Shares 100%
9,000,000 1 9,000,000 New Shares 100%
Total 3 20,100,000 New Shares
collection/despatch of share certificates and refund cheques
Share certificates for wholly or partially successful applications
on WHITE application forms and refund cheques for wholly or
partially unsuccessful applications on WHITE and YELLOW
application forms are expected to be despatched by ordinary post
to those entitled at their own risk on or before Wednesday 12th
January, 2000. Applicants who have applied for 1,000,000 New
Shares or more on WHITE application forms and have indicated on
their application forms they wish to collect their share
certificates and/or refund cheques in person may collect their
share certificates and/or refund cheques from Standard Registrars
Limited at 5th Floor, Wing On Centre, 111 Connaught Road Central,
Hong Kong. The time of collection is between 9:00 a.m. and 1:00
p.m. on Wednesday 12th January, 2000. Identification and
authorisation documents satisfactory to Standard Registrars
Limited must be produced at the time of collection. If applicants
are applying as individual investors, the applicants' I.D. should
be presented to collect their share certificates or refund
cheques. If applicants are applying as corporate investors, the
authorisation letter of the company bearing the company's chop
must be presented to collect their share certificates or refund
cheques. Uncollected share certificates and/or refund cheques will
be despatched by ordinary post at the applicants' own risk after
2:00 p.m. on Wednesday 12th January, 2000. For applicants who have
applied for 1,000,000 New Shares or more on YELLOW application
forms and have indicated on their application forms they wish to
collect their refund cheques in person, the same procedures as set
out above for WHITE application forms will also apply.
deposit of share certificates into ccass
For wholly or partially successful applicants using the YELLOW
application forms who are allocated Offer Shares in the name of
HKSCC Nominees Limited the allocated Offer Shares will be
deposited directly into CCASS for credit to the applicants'
designated CCASS participants' stock accounts as instructed by the
applicants at the close of business on Wednesday, 12th January,
2000, or any other date as shall be determined by Hongkong
Clearing or HKSCC Nominees Limited. Applicants applying through
designated CCASS participants can check the number of the New
Shares allocated to them with their designated CCASS participants.
No application for subscription of the New Shares has been made by
CCASS investor participants.
commencement of dealings
Dealings in the Shares on the Stock Exchange are expected to
commence at 10:00 a.m. on Tuesday, 18th January, 2000.
By order of the Board
UBA Investments Limited
Li Kwok Cheung, George
Executive Director
Hong Kong, 10th January, 2000
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