APAC Resources (HKG:1104) applied for the listing of the warrants the company will issue on the main board of the Hong Kong Stock Exchange, according to a bourse filing on Thursday.
The application will also cover permission to deal in any new shares upon the exercise of the said warrants.
The company expects to start dealings in the warrants on Dec. 17. The warrants will be traded in board lots of 12,000 units each.
The company will issue over 271.3 million warrants to the qualifying shareholders under its bonus warrants issue. The warrants will pass the rights to the said shareholders to subscribe in cash for up to 271.3 million shares at an initial price of HK$1 per new share.
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