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(iii) Reserved Tranche
14,800,000 New Shares under our Invitation are subject to priority allocation to persons in the
following categories who have contributed to our success: (a) the directors, executive officers
and employees of our Group, (b) directors, officers and employees of our related corporations,
and (c) our business associates and their employees. More than 90% of the Reserved Shares
will be offered to directors, officers and employees of the SPH Group.
Application for New Shares under the Reserved Tranche may only be made by way of printed
Reserved Shares Application Forms. The terms and conditions and the procedures for application
of Reserved Shares under the Reserved Tranche are set out on pages 155 to 162 in Appendix
A of this Prospectus.
An investor who has agreed to subscribe for Reserved Shares shall not make or procure
to be made any separate application for New Shares through the Placement Tranche.
Such separate applications will be deemed to be multiple applications and shall be
rejected.
The Reserved Tranche of 14,800,000 New Shares at the Offering Price represents 10% of the
total number of New Shares initially available under the Invitation (before any exercise of the
Over-Allotment Option) and 1.3% of our post-IPO issued and paid-up share capital (before any
exercise of the Over-Allotment Option).
(iv) Placement Tranche
DETAILS OF OUR INVITATION
The Placement will involve selective marketing of New Shares to institutional and professional
investors and other investors expected to have a sizeable demand for the New Shares.
Professional investors generally include brokers, dealers, companies (including fund managers)
whose ordinary business involves dealing in shares and other securities and corporate entities
which regularly invest in shares and other securities. Application for New Shares under the
Placement Tranche may only be made by way of printed Placement Shares Application Forms.
The terms and conditions and the procedures for application of Placement Shares under the
Placement Tranche are set out on pages 155 to 162 in Appendix A of this Prospectus.
An investor who has agreed to subscribe for Placement Shares or who otherwise
subscribes for Placement Shares shall not make or procure to be made any separate
application for New Shares either through the Internet Offer Tranche or the Public Offer
Tranche or the Reserved Tranche. Such separate applications will be deemed to be multiple
applications and shall be rejected.
The Placement Tranche of initially 74,000,000 New Shares at the Offering Price represents
50% of the total number of New Shares initially available under the Invitation (before any exercise
of the Over-Allotment Option) and 6.4% of our post-IPO issued and paid-up share capital (before
any exercise of the Over-Allotment Option).
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