Business
First Day of Dealings
First Day of Dealings.
About this update from Creo Medical Group Plc
[{"type":"text","content":"\n China Real Estate Opportunities Ltd\n11 July 2007\n\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO\nTHE UNITED STATES, AUSTRALIA, CANADA OR JAPAN\n\nThis announcement is an advertisement and not an admission document and\ninvestors should not subscribe for or purchase any shares referred to in this\nannouncement except on the basis of information in the admission document to be\npublished by China Real Estate Opportunities Limited (\"CREO\" or the \"Company\")\nin due course in connection with the admission of the ordinary shares in the\ncapital of CREO to AIM, a market operated by London Stock Exchange plc (the\n\"Admission Document\").\n\n\n11 July 2007\n\n\n CHINA REAL ESTATE OPPORTUNITIES LIMITED\n\n COMMENCEMENT OF DEALINGS AND ADMISSION TO AIM\n\n\nChina Real Estate Opportunities Limited (\"CREO\" or \"the Company\"), a Jersey\nincorporated company, established to acquire both investment and development\nproperties in China, today announces the commencement of dealings of its\nordinary shares on AIM under ticker symbol CREO.L.\n\nThe Company, through its broker Teather & Greenwood Limited, has successfully\nraised £259 million via the issue of 34,227,807 Ordinary Shares at a price of\n£7.56 per share (the \"Placing\"). The market capitalisation of the Company based\non the Placing Price is £398 million. Davy acted as Irish placing agent to the\nCompany.\n\nRay Horney of CREO commented:\n\n\"We are delighted with the degree of investor interest shown in the Placing. The\nBoard believes that the Chinese real estate market holds very significant\nopportunities. CREO is committed to taking advantage of these conditions and we\nlook forward to reporting to shareholders on its progress.\"\n\nPlacing Statistics\n\n+--------------------------------------------------------+--------------+\n|Placing Price | £7.56 |\n+--------------------------------------------------------+--------------+\n|Number of new Ordinary Shares to be issued pursuant to | 32,094,866 |\n|the Placing | |\n+--------------------------------------------------------+--------------+\n|Number of Consideration Shares to be issued | 2,132,941 |\n+--------------------------------------------------------+--------------+\n|Number of Ordinary Shares currently in issue | 18,400,000 |\n+--------------------------------------...