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FINWIRES

Ingenic Semiconductor's Over-Allotment Option Lapses After Stabilization Period

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Ingenic Semiconductor (HKG:3223, SHE:300223) said its 30-day stabilization period ended Sept. 19, with the over-allotment option lapsing without being exercised, according to a Sunday Hong Kong bourse filing.

During the stabilization period, 4.7 million H shares were over-allocated and subsequently repurchased in the market at prices ranging from HK$95.30 to HK$100.00 per share.

The last stabilization purchase was made on Sept. 9 at HK$99.95 per share. No additional H shares will be issued under the lapsed overallotment option.

What else is happening in Asia?

Asia

Newlink Technology's Potential Acquisition of HK Ant Global Investment Falls Through

Newlink Technology (HKG:9600) terminated a memorandum of intent for the potential acquisition of HK Ant Global Investment.The parties had entered the memorandum in May, a Friday bourse filing showed.

HKG:9600
Asia

New Concepts Raises HK$4.9 Million from Share Issue

New Concepts Holdings (HKG:2221) completed the issue of 5 million new shares to Du Lei to raise net proceeds of nearly HK$4.9 million.The parties had entered into the share subscription agreement earlier in September, a Friday bourse filing showed.The construction company plans to use proceeds for general working capital.

HKG:2221
Asia

Eternity Investment Unit, Director Dispose Of Stake in China Healthwise

Eternity Investment (HKG:0764) unit Eternity Finance and executive director Lei Hong Wai agreed to sell around 169 million and 18.7 million respective shares in China Healthwise (HKG:0348).The shares, representing an 18.3% and 2% stake in China Healthwise, respectively, were sold to Hwa Sheng International Investment at HK$0.08 apiece, a Friday bourse filing showed.The company will receive a consideration of around HK$13.5 million from the disposal and cease to hold any stake in China Healthwise following completion.Proceeds will be used to repay a margin loan, as well as for general working capital.

HKG:0348HKG:0764