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Mr. Lee Seng Huang, Executive Chairman of SHKF said, "We are excited by the entry of a new strategic partner of DIG's caliber, and are confident it will expedite the growth of our Group's asset management, principal investments and corporate finance businesses."
The estimated net proceeds upon completion of the top-up subscription are approximately HK$ 1,906 million. Approximately HK$536.5m of the net proceeds will be used for subscribing to all its entitlements under the proposed open offer of shares by Tian An China Investments Company Limited, an associate of SHKF. The balance of the net proceeds, approximately HK$1,369.5m, will be applied for general working capital.
"DIG's partnership with SHKF offers significant potential across the region's financial sector. We believe that SHK's established brand name, within its capital markets and extensive distribution network across greater China, will enable DIG to further grow its presence in Asia,"
said Mr. Abdulhakeem Kamkar, Chief Executive Officer of DIG.
"Our relationship with DIG will provide SHKF a strategic opportunity to tap into the growing capital flows from the Middle East to the Greater China markets." concluded Mr. Lee.
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Posted by Medilyn Manibo, Assistant News Editor
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