Mandarin Entertainment public offer 10.48x warmly received

Mandarin Entertainment (0009) announced that the public offer has been oversubscribed by approximately 10.48x. A total number of 11.25 million new shares initially available for subscription under the public offer. Owing to the oversubscription in the public offer, the clawback mechanism has been applied and the number of shares allocated to the public offer has been increased to 26.25 million shares. A total of 48.75 million placing shares have been allocated on the basis set out in the prospectus of the company. The company issued 75 million shares at $0.9 per share to raise $67.5 million. The net proceeds amount to $53 million.

Related stock : (9)