Pacific Century CyberWorks (PCW, PCWKF) Message Board

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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: ms.smartest.person who wrote (4095)	12/11/2000 12:04:54 AM
From: ms.smartest.person	Read Replies (1) of 4541

OT/09:16 11-DEC-2000 Celestial Asia (1049-HK) places 479m shares at $0.30 each ww5.e-finet.com Celestial Asia Securities Holdings Ltd Cash said that its major shareholder Cash Guardian Ltd will top-up 479 million shares in its placing to 19 independent investors at $0.30 each to raise $143 million, representing a discount of 10.4 pct off the closing price prior to trading suspension. The net proceeds will be used as general working capital. Cash Guardian Ltd will also subscribe 479 million new shares at $0.30 each, accounting for about 8.9 pct of the enlarged issued share capital of the company. Upon the placing and subscription of shares, Cash Guardian Ltd would own 52.6 pct to the enlarged issued share capital of the company. (End)

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