HONG KONG, Sept. 15, 2017 /PRNewswire/ -- Digital China
Holdings Limited ("DC Holdings" or the "Company"; Stock Codes: 00861.HK; 910861.TW) is pleased to announce that as at
7 September 2017, the Company received acceptance of and payment for approximately 5,517 million
rights shares, which represent approximately 1,644.50% of total number of rights shares available under the rights issue. It was
oversubscribed by over 15.44 times and raised proceeds of approximately HK$1.34 billion. The
successful completion of the rights issue and investors' overwhelming response to it showcases that the market is fully confident
about the Company's strategic transformation. It enables the Company to accelerate the development of precision medicine, Sm@rt
City and other new businesses.
As at 7 September 2017 (the deadline for acceptance of the rights issue), the Company received
valid acceptance for a total of approximately 321 million rights shares, representing approximately 95.63% of the total number of
rights shares available under the rights issue. Moreover, valid applications for approximately 5,196 million excess rights shares
were received, which represent approximately 1,548.87% of the total number of rights shares available under the rights issue.
Therefore, the Company received acceptance of and payment for an aggregate of approximately 5,517 million rights shares,
representing approximately 1,644.50% of total number of rights shares (335 million rights shares) available under the rights
issue. It was oversubscribed by 15.44 times or approximately 5,181 million rights shares. The Company will allocate the excess
rights shares on a fair and equitable basis and issued 14.676 million rights shares to those who applied for excess rights shares
on a pro-rata basis of approximately 0.28% in proportion to the number of excess rights shares applied for under each valid
application.
DC Holdings announced the rights issue plan on 23 July 2017. Pursuant to it, the Company
proposed to raise approximately HK$1.34 billion by way of a rights issue of not less than
approximately 335 million rights shares on the basis of one rights share for every four existing shares. The subscription price
is HK$4 per rights share. Approximately 59% of the net proceeds raised will be used to finance an
investment in China Healthcare Big Data Technology Development Group Ltd ("Technology
Development Group"). Mr. Denis Yip Shing Fai, CEO and President of DC Holdings, said,
"Under the government's policy support, precision medicine and healthcare Big Data services are expected to be the future
direction of China's medical sector development. They will be our core operations going forward.
This funding exercise will provide us with adequate resources to speed up the development of healthcare Big Data services. We are
teaming up with the Chinese Academy of Sciences and a number of famous central government-owned enterprises, state-owned
enterprises and listed companies to set up China Healthcare Big Data Technology Development Group Ltd., which will be one of the
first government investments in healthcare and medical Big Data sector. Looking ahead, Technology Development Group will leverage
the strengths of its member companies to drive innovative through capital investments. It will build and operate national
healthcare and medical Big Data centers and industrial parks in major cities, with an aim to create a healthcare Big Data
services system and drive the development of elementary healthcare Big Data platform in China."
In view of the improvement in mobile Internet, Big Data and Cloud computing technologies, DC Holdings accelerated the
transformation from an industry IT services provider to an industry IT services operator. Mr. Guo
Wei, Chairman of the Board of DC Holdings, said, "The Company will adhere to the 'Cloud Computing + Big Data' strategy
and expand into different industries with the help of Cloud computing, healthcare technologies, artificial intelligence and Big
Data technologies, thereby fulfilling our mission and vision of developing 'Digitalized China'. The rights issue was
substantially oversubscribed, which clearly demonstrates that the market is fully confident about our strategic transformation.
We will fully utilize our strengths in Sm@rt City, modern agriculture, precision medicine and supply chain management to capture
opportunities arising in the market, thereby giving back to shareholders and shareholders who have placed trust and support to
us."
About Digital China Holdings Limited
Digital China Holdings Limited ("DC Holdings", Stock Code: 0861.HK) was listed on the Main Board of The Stock Exchange of
Hong Kong in 2001 following a successful spin-off from the then Legend Group in 2000. Since its
listing 16 years ago, DC Holdings has adhered to the mission of creating a "Digitalized China". It keeps pace with the
market developments and makes continuing efforts to drive business transformation. From its startup, DC Holdings has vigorously
developed a complete value chain for its IT services and offers point-to-point integrated IT services to customers, making it the
largest integrated IT services provider in China. In 2010, the Company announced the Sm@rt City
strategy and carried out various measures to implement it. It outperforms peers in this area in terms of strategy,
implementation, technology and business model, and becomes the leading brand in China's Sm@rt
City development. While IT technology is changing the life of everyone, DC Holdings is driving "Digitalization in China" through Big Data technology so as to transform the country's industrial sector. With unparalleled
leadership in various core business sectors, including Sm@rt City, precision medicine, modern agriculture, intelligent
manufacturing, finance and taxation, DC Holdings leverages Cloud computing and Big Data technology to innovate its business
models and drive the transformation from an industry IT services provider to an industry IT services operator. It is evolving to
be a genuine innovative enterprise.
For additional information about DC Holdings, please visit the Group's website at www.dcholdings.com.hk
For media inquiries:
Wang Fang
Digital China Holdings Limited
Tel: 86-10-8270-7252
Email: wangfangu@digitalchina.com
|
Charles Chan
PRChina Limited
Tel: 852-2522-1838
Email: ckchan@prchina.com.hk
|
David Shiu
PRChina Limited
Tel: 852-2522-1838
Email: dshiu@prchina.com.hk
|
For investor inquiries:
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SOURCE Digital China Holdings Limited