KTL International Holdings Group Limited Details of the Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited

Global Offering of 28,000,000 Shares

Not more than HK$5.00 per Offer Share and expected to be not less than HK$3.00 per Offer Share

HONG KONG, Feb. 26, 2015 /PRNewswire/ — KTL International Holdings Group Limited (“KTL International” or “the Company”) (Stock Code: 442), an integrated fine jewellery provider and an original design manufacturer with a well-established operating history in Hong Kong, announces details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“Stock Exchange”).

The Global Offering initially consists of an aggregate of 28,000,000 Offer Shares (subject to the Adjustment Option), of which 25,200,000 Shares (subject to reallocation and the Adjustment Option) will be offered under the International Placing and 2,800,000 Shares (subject to reallocation) be offered under the Hong Kong Public Offering. In addition, the Company is expected to grant to the International Underwriters an Adjustment Option, namely an Over-allotment Option or an Offer Size Adjustment Option as the case may be, exercisable by the Joint Bookrunners (for themselves and on behalf of the other International Underwriters), pursuant to which the Company may be required to allot and issue up to an aggregate of 4,200,000 additional Shares, representing approximately 15% of the total number of Shares initially available under the Global Offering.

The offer price range (exclusive of brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) will be between HK$3.00 and HK$5.00 per Share. Assuming the mid-point of the indicative range of the offer price of HK$4.00 per Share, the Adjustment Option is not exercised and after deducting underwriting fees and estimated expenses in connection with the Global Offering, the Company’s net proceeds from the Global Offering is estimated to amount to approximately HK$72.9 million.

CCB International Capital Limited is the Sole Global Coordinator; CCB International Capital Limited and China Galaxy International Securities (Hong Kong) Co., Limited are the Joint Sponsors; and CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited and Convoy Investment Services Limited are the Joint Bookrunners and Joint Lead Managers.

The Hong Kong Public Offering will open at 9:00 a.m. on Friday, 27 February 2015, and will close at 12:00 noon on Wednesday, 4 March 2015. The offer price is expected to be determined on or around Wednesday, 4 March 2015 and not later than Friday, 6 March 2015, while the allotment results will be announced on Tuesday, 10 March 2015. Trading of the Company’s Shares on the Main Board of the Stock Exchange is expected to commence on Wednesday, 11 March 2015 under the stock code of 442. Shares will be traded in board lots of 1,000 Shares.

Proposed Use of Net Proceeds

KTL International will use (i) approximately 32.4% of the net proceeds from the Global Offering for the fitting out and decoration of its premises at South of Yuwotou Town Road, Dongshen Village, Dongyong Town, Nansha District, Guangzhou, which are contemplated to be used as an exhibition centre with multiple showrooms to showcase its design concepts and products to its customers and a staff training centre; (ii) approximately 27.4% will be used for purchasing raw materials, more specifically diamonds; (iii) approximately 16.5% will be used for upgrading its ERP system and IT infrastructure; (iv) approximately 13.7% will be used for the development and enhancement of its design capability. The remaining amount, representing approximately 10.0% of the net proceeds, will be used for the Company’s working capital and other general corporate purposes.

An Integrated Fine Jewellery Provider and Original Design Manufacturer in Hong Kong with Well-established and Strong Business Relationship with Customers Worldwide

KTL International is an integrated fine jewellery provider and an original design manufacturer with a well-established operating history in Hong Kong primarily engaged in designing, manufacturing and exporting fine jewelleries to jewellery wholesalers and retailers mainly in Russia, the Americas and other European countries. According to the Company’s industry research consultant IPSOS Hong Kong Limited (“IPSOS”), KTL International ranked second among the top five fine jewellery export manufacturers in 2013 in terms of export value in Hong Kong.

The Company offers a wide range of fine jewellery products in karat gold including rings, earrings, pendants, necklaces, bracelets, bangles, cufflinks, brooches and anklets, which are generally targeted at the mass to middle segment of the fine jewellery market.

Strong Design Capability Backs Product Success

The success of KTL International’s products lies in the ability of the Company to continuously create and produce appealing designs referencing changing market trends and customer preferences, as well as to develop innovative production techniques to facilitate quantity production of products bearing a variety of designs. The design works of KTL International have been well-recognized by industry associations and favoured by customers in various geographical locations, winning it with various design awards and accreditations over the years. The Company’s strong design capability is exemplified by its patented design of “Diamonds in Snowflake”, a unique stone-setting technique involving the setting of diamonds in multiple layers to create the appearance of one single diamond with larger table size.

KTL International’s demonstrated capability in design and craftsmanship, coupled with its scale production capability, has distinguished itself with its peers and competitors, and appealed to customers looking for large quantity of supply of jewellery products with constantly varying styles and designs and quality and consistency in craftsmanship.

Provision of Services Catering for Customers’ Varying Needs

KTL International prides itself in its business model that encompasses not only production capability, quality craftsmanship and design capability, but also services which are viewed as collaborating efforts with its customers to promote their end consumer sales. These services range from product series theme and story-line creation, product designs in sets/series, to product positioning, product showcasing and product launch strategies, as well as marketing support to cater for the varying needs of the customers. The Company endeavours to share its observation on market trends, conduct discussions and interactive sessions with key customers, and strive to collaborate with them to enhance overall customer appeal of their jewellery products and promote stronger retail sales. Committed to extending services over and above a mere manufacturer and supplier of jewellery products, KTL International has managed to forge a long, trusting and mutually beneficial relationship with its customers with strategic values to them.

Experienced, Stable and Dedicated Management Team

KTL International’s senior executives come with a wealth of experience and knowledge in the fine jewellery industry. The management team of the Company comprises members focusing on various areas that cover sales and marketing management, financial management, product development design and craftsmanship, as well as production management. The experience and network of the management team are fundamental to KTL International in building a solid foundation for the development of its business.

Mr. Kei York Pang, Co-Chairman, Executive Director and Chief Executive Officer of KTL International Holdings Group Limited, said, “We are excited that KTL International has earned its way to the international capital market through its listing on the Stock Exchange of Hong Kong. This has marked a significant chapter in the Company’s history of development since our inception in 1990. We are proud of our achievement in having reached this milestone.”

Mr. Li Man Chun, Co-Chairman, Executive Director and Chief Operating Officer of KTL International Holdings Group Limited, added, “As we charge ahead, we remain committed to expanding our footprint to become a leading player in the fine jewellery market by increasing our market share in existing markets and reaching out into new markets. While diversifying further our markets to the United States and the PRC, we will also enhance our product offerings together with integrated services to broaden our customer base, heighten our design capability, and continue to sharpen our sales and operating capabilities.”

About KTL International Holdings Group Limited

KTL International is an integrated fine jewellery provider and an original design manufacturer with a well-established operating history in Hong Kong. Primarily engaged in designing, manufacturing and exporting fine jewelleries to jewellery wholesalers and retailers, the Company’s customer base spans over Russia, the Americas, other European countries, the PRC and the Middle East. According to IPSOS, KTL International ranked second among the top five fine jewellery export manufacturers in Hong Kong in 2013 in terms of export value.

For more details, please refer to the listing prospectus of KTL International dated 27 February 2015.

KTL International Holdings Group Limited

Offering Statistics

No. of Offer Shares under the Global Offering  

:

28,000,000 Shares

(Subject to the Adjustment Option)

No. of International Placing Shares

:

25,200,000 Shares

(Subject to reallocation and the Adjustment Option)

No. of Hong Kong Public Offer Shares

:

2,800,000 Shares

(subject to reallocation)

Offer Price Range

:

HK$3.00 to HK$5.00 per Share, plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%  

Market Capitalization

:

HK$240 million to HK$400 million

(Assuming the Adjustment Option is not exercised and no options are granted under the Share Option Scheme)

Dealing of Shares Expected to Commence

:

11 March 2015

Stock Code

:

442

Board Lot

:

1,000 shares

Where to collect the application forms and prospectuses:

For the Hong Kong Public Offering, white application forms and prospectuses can be obtained during normal business hours between 9:00 a.m. on Friday, 27 February 2015 to 12:00 noon on Wednesday, 4 March 2015 from the Joint Bookrunners, namely CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited and Convoy Investment Services Limited and any of the branches of the following receiving banks:

Bank of Communications Co., Ltd, Hong Kong Branch

District

Branch

Address

Hong Kong Island  

Hong Kong Branch

20 Pedder Street, Central

Taikoo Shing Sub-Branch

Shop 38, G/F, Cityplaza 2,

18 Taikoo Shing Road

Kowloon

Cheung Sha Wan Plaza Sub-Branch 

Unit G04,

Cheung Sha Wan Plaza,

833 Cheung Sha Wan Road  

Kwun Tong Sub-Branch

Shop A, G/F,

Hong Ning Court,

55 Hong Ning Road,

Kwun Tong

New Territories

Tsuen Wan Sub-Branch

G/F, Shop G9B-G11,

Pacific Commercial Plaza,

Bo Shek Mansion,

328 Sha Tsui Road,

Tsuen Wan

Shatin Sub-Branch

Shop No. 193, Level 3,

Lucky Plaza, Shatin

Hang Seng Bank Limited

District

Branch

Address

Hong Kong Island  

Head Office

83 Des Voeux Road, Central  

North Point Branch

335 King’s Road

Kowloon

Tsimshatsui Branch  

18 Carnarvon Road

Yaumati Branch

363 Nathan Road

Applicants may also complete electronic applications under the White Form eIPO service through the designated website www.hkeipo.hk.

Yellow application forms and the prospectuses can be obtained during normal business hours from 9:00 a.m. on Friday, 27 February 2015 to 12:00 noon on Wednesday, 4 March 2015 from the Depository Counter of Hong Kong Securities Clearing Company Limited at 1/F, One & Two Exchange Square, 8 Connaught Place, Central, Hong Kong, or from the applicant’s stockbroker.

For further enquiries, please contact Hill+Knowlton Strategies Asia:

Elisa Fong

Ka Wai Li

Tel: (852) 2894 6224 / 9528 9627

Tel: (852) 2894 6252 / 9011 0296

Email: elisa.fong@hkstrategies.com 

Email: kawai.li@hkstrategies.com  

This press release is not, and is not intended to be, an offer to sell or the solicitation of an offer to buy any securities of KTL International Holdings Group Limited in the United States or any other jurisdiction. The shares of KTL International Holdings Group Limited have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws of the United States, and may not be offered or sold, pledged or transferred within the United States (as defined in the Regulation S under the U.S. Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Any public offering of securities to be made in the United States will be made only by means of a prospectus that may be obtained from KTL International Holdings Group Limited. Such prospectus will contain detailed information about KTL International Holdings Group Limited and its management and financial statements. KTL International Holdings Group Limited does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States. No copy of this press release has been or should be distributed or sent, directly or indirectly, to the United States, its territories or possessions.

This press release contains forward-looking statements regarding future events. Such forward-looking statements are not guarantees of future performance of KTL International Holdings Group Limited and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements.

Indivior PLC Admission to the Official List and to Trading on the London Stock Exchange

-NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT A PROSPECTUS BUT AN ADVERTISEMENT AND INVESTORS SHOULD NOT ACQUIRE ANY ORDINARY SHARES IN INDIVIOR PLC EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS PUBLISHED BY INDIVIOR PLC ON 17 NOVEMBER 2014 AND ANY SUPPLEMENT OR AMENDMENT THERETO

SLOUGH, United Kingdom, Dec. 23, 2014 /PRNewswire/ — Indivior PLC (LON: INDV) (“Indivior”) will begin trading on the London Stock Exchange’s main market at 8 a.m. GMT today following the admission of 718,577,616 of its ordinary shares to the premium listing segment of the Official List of the UK Listing Authority. Indivior will trade under the ticker “INDV”. Indivior is a global specialty pharmaceutical company committed to expanding treatment access and pioneering innovative therapies for the chronic diseases of addiction and related mental health disorders.

“This is an exciting time for Indivior, our shareholders and the patients we serve worldwide. We made great strides with Reckitt Benckiser Group’s support as Reckitt Benckiser Pharmaceuticals, and we now have the opportunity to continue our efforts to transform the global addiction treatment landscape under our own, focused direction and management. With the recent selection of the Executive Committee and Board of Directors, our experience in expanding treatment accessibility and our growing pipeline, we are confident in Indivior’s future,” said Shaun Thaxter, Chief Executive Officer of Indivior. “We are building upon our understanding of the patient journey to continue bringing to market novel solutions that advance treatment in opioid dependence and combat broader addiction epidemics and other mental health disorders.”

In July 2014, the Reckitt Benckiser Group (the “RB Group”) announced it was pursuing a demerger of the Reckitt Benckiser Pharmaceuticals business with a separate UK listing. At the RB Group General Meeting on December 11, 2014, shareholders voted in favour of the demerger. In the demerger, RB Group shareholders have received one ordinary share in Indivior for each ordinary share in RB Group that they hold. RB Group’s ordinary shares will continue trading under the symbol RB-LN.

About Indivior

Indivior is a global specialty pharmaceutical company with a 20-year legacy of leadership in patient advocacy, health policy and evidence-based best practice models that have revolutionized modern addiction treatment. The name is the fusion of the words individual and endeavor, and the tagline “Focus on you” makes the company’s commitment clear. Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Building on its robust, global opioid dependence portfolio featuring SUBOXONE® (buprenorphine and naloxone) Sublingual Film (CIII), SUBOXONE® (buprenorphine and naloxone) Sublingual Tablet and SUBUTEX® (buprenorphine) Sublingual Tablet, Indivior has a strong pipeline of product candidates designed to both expand on its heritage in this category and address other chronic diseases of addiction – including opiate overdose, alcohol use disorders and cocaine intoxication. It also is pursuing novel product candidates in related mental health disorders such as schizophrenia. Headquartered in the United States in Richmond, Va., Indivior employs more than 700 individuals globally and its portfolio is available in over 40 countries worldwide. Visit www.Indivior.com to learn more.

Disclaimers

This document does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in any jurisdiction.

The ordinary shares of Indivior have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the US and may not be offered or sold within the US, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the US. There has been no public offering of the ordinary shares of Indivior in the US for the purposes of the Securities Act.

This announcement may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. Although we believe our expectations, beliefs and assumptions are reasonable, reliance should not be placed on any such statements because, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and our plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Neither Indivior nor any other person undertakes any obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, further events or otherwise. Past performance is not an indicator of future performance.

SMI issues HK$78M of Convertible Bonds

HONG KONG, Dec. 12, 2014 /PRNewswire/ — SMI Holdings Group Limited (“SMI” or the “Company” and its subsidiaries, collectively the “Group”, HKEx: 198), one of the largest cinema operators in China, announced today that it has entered into subscription agreements with GuangDong Infore Investment Partnership Enterprise (“GuangDong Infore”) and Wisdomont Investments Holdings Limited (“Wisdomont”) respectively to issue convertible bonds of an aggregate principal amount of up to approximately HK$78,020,000.  

The two tranches of convertible bonds are due three years from the issue date, at an initial conversion price of HK$0.34 per conversion share. The initial conversion price represents: (i) a premium of about 23.64% over the closing price of HK$0.275 per share as quoted on the Stock Exchange of Hong Kong on the date of the subscription agreements, and (ii) a premium of about 18.88% over the average closing price of HK$0.286 per share as quoted on the Stock Exchange of Hong Kong for the 5 consecutive trading days up to and including the last trading day prior to the date of the subscription agreements. The convertible bonds shall bear interest at the rate of 7% per annum payable every six months. The Company will redeem all of the convertible bonds on the maturity date that would yield an annual return of 10% per annum.

A total of 229,471,215 conversion shares will be allotted and issued upon exercise of the conversion rights attaching to the convertible bonds in full, which represent approximately 2.26% of the existing issued share capital of the Company and approximately 2.21% of the issued share capital of the Company as enlarged by the issue of the Conversion Shares.

According to the First Subscription Agreement with GuangDong Infore, GuangDong Infore agreed to subscribe in cash for the Convertible Bonds I of an aggregate principal amount of up to RMB30,000,000 (equivalent to approximately HK$38,028,000). Founded in 1994, GuangDong Infore is belonged to Infore Group which is a core affiliated enterprise of Midea Group. It is principally engaged in finance, retailing and manufacturing.

According to the Second Subscription Agreement with Wisdomont, Wisdomont agreed to subscribe in cash for the Convertible Bonds II of an aggregate principal amount of up to US$5,160,000 (equivalent to approximately HK$39,992,000).

Mr. Cheng Chi Chung, Chief Executive Officer of SMI, said, “The Group has been actively developing its new complementary business, which includes Xingmeihui. Raising funds by the issuance of the Convertible Bonds represent an opportunity for the Company to enhance its working capital, strengthen its capital base and financial position.”

About SMI Holdings Group Limited (0198.HK)

SMI Holdings Limited (0198.HK) is a company listed on the Main Board of the Stock Exchange of Hong Kong. The Company is principally engaged in the business of cinema operating and new complementary business, such as Xingmeihui and advertising & promotion business. Under its strong management team and powerful business network, the number of SMI’s cinemas has grown from 3 in 2009 to 83 by the end of June 2014.