Lukfook Announces Placing of Existing Shares and Subscription for New Shares Raising Approximately HK$1,341 Million


(20 January 2012) ------ Luk Fook Holdings (International) Limited (“Lukfook“ / the “Company”) (Stock Code: 00590) announces the placing of 46.6 million existing shares at a price of HK$29.25 per share, representing approximately 9.6% discount to the closing price of HK$32.35 as of yesterday. The placing, organized and underwritten solely by Goldman Sachs (Asia) L.L.C., will raise approximately HK$1,341 million.

The 46.6 million existing shares represent approximately 8.6% of the existing total issued share capital of the Group and approximately 7.9%

The proceeds will primarily be used for purchase of inventory, expansion and other general corporate purposes.

Mr. Wong Wai Sheung, Chief Executive
of the Group said, “Thank you for the continuous support of investors. It is an opportune time for Lukfook to increase liquidity in its shares and to raise capital to fund its expansion plan. Built on the solid development of the Group, we would commit to further our dedication to deliver maximum returns to our shareholders.”

The shareholding of major shareholder Mr. Wong Wai Sheung dec 26, 2014 - womans health, buy estrace cream cheap, buy estrace online uk –  and related parties immediately after the placing exercise is approximately 40.83%.

During the Christmas period of last month, the sales performance of the Group:  sales of Hong Kong and Macau’s retail outlets grew by 19%; and ii) the same store sales of self-operated shops in the PRC grew by 46%.