Asiaone 1-42
Asiaone 1-42
Asiaone 1-42
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The Application List will open at 6.00 a.m. on 1 June 2000 and will remain open until 8.00 a.m.<br />
on 1 June 2000 or for such further period or periods as we and the Manager may decide.<br />
STRUCTURE OF OUR INVITATION<br />
Offering Price<br />
The Offering Price, determined by us and Citicorp based on the estimated market valuation of our<br />
Company and the market demand for our Shares, is $0.60 for each New Share offered in our<br />
Invitation. The Offering Price is the same for all New Shares offered in the various tranches of our<br />
Invitation and is payable in full on application.<br />
Our Invitation<br />
The Invitation comprises the following tranches:-<br />
INVITATION<br />
148,000,000 New Shares<br />
(subject to the<br />
Over-Allotment Option)<br />
* Subject to reallocation and<br />
different allocation process<br />
for each tranche<br />
Applications for New Shares under the Internet Offer Tranche will be processed separately<br />
from applications for New Shares under the Public Offer Tranche as the allocation process<br />
for each of these tranches will be different.<br />
Although the initial number of New Shares allocated to the Internet Offer Tranche and the Public<br />
Offer Tranche are 37,000,000 New Shares and 22,200,000 New Shares respectively, we reserve the<br />
right to reallocate these number of New Shares between the Internet Offer Tranche and the Public<br />
Offer Tranche depending on the number of applications received for each of these two tranches.<br />
To ensure a reasonable spread of shareholders:-<br />
DETAILS OF OUR INVITATION<br />
▲ ▲ ▲ ▲<br />
(a) we may decide to allocate to a successful applicant under the Internet Offer Tranche or the<br />
Public Offer Tranche such number of New Shares which is less than the number applied for by<br />
that applicant, in any of the following events:-<br />
(aa) an over-subscription for both the Internet Offer Tranche and the Public Offer Tranche; or<br />
(bb) an under-subscription for the Internet Offer Tranche and over-subscription for the Public<br />
Offer Tranche; or<br />
(cc) an under-subscription for the Public Offer Tranche and over-subscription for the Internet<br />
Offer Tranche; and<br />
(b) in such event, we will allocate no less than 14,800,000 New Shares to the Internet Offer Tranche<br />
and no less than 14,800,000 New Shares to the Public Offer Tranche.<br />
12<br />
INTERNET OFFER TRANCHE<br />
37,000,000 New Shares*<br />
PUBLIC OFFER TRANCHE<br />
22,200,000 New Shares*<br />
RESERVED TRANCHE<br />
14,800,000 New Shares*<br />
PLACEMENT TRANCHE<br />
74,000,000 New Shares