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Time2U (1327) blows general mandate in 20% placing 6 months after IPOSettlements

Company announcement, 5-Aug-2015

The placing via Black Marble Securities is at $0.40, compared with the IPO price of $1.10 and post-IPO NAV of $0.77. The company had no need for cash as it had substantial net cash after the IPO. Update: from settlements on 11-Aug you can see that part of the stock likely went to clients of Emperor Securities, Win Fung Securities and Gransing Securities.

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