Zhitong Finance APP News, Fubo Group (03738) issued an announcement that on December 20, 2020, the company entered into a share with Antfin (Hong Kong) Holding Limited (subscriber, an indirect wholly-owned subsidiary of Ant Group) Under the subscription agreement, the company intends to allot a total of 28,901,700 shares to subscribers, accounting for approximately 6.72% of the total number of issued shares of the company as of the date of this announcement; and immediately after the completion of the company’s enlarged total number of issued shares (assuming that in this The total number of issued shares from the announcement date to the completion period, except for the issuance of subscription shares, will not change about 6.30%. The subscription price of
is HK$13.84 per subscription share, a discount of approximately 7.49% from the closing price of HK$14.96 on December 18. The total proceeds from the subscription and the estimated net proceeds (after deducting related expenses and fees) will be approximately HK$400 million and HK$388 million, respectively. The company intends to use the net proceeds for potential investment opportunities and as general working capital of the group.
company and an indirect wholly-owned subsidiary of Ant Group, Ant Blockchain Technology (Shanghai) Co., Ltd. (Antchain), will enter into a business cooperation agreement upon completion. According to the terms of the business cooperation agreement, the company will be selected by AntChain as a new media monitoring technology supplier in the video and audio fields of a digital copyright service platform operated by Ant Chain; and will provide the platform with overseas new media content copyright operations and monetization services. In addition, the company and AntChain will jointly discuss the construction of global "decentralized" copyright distribution and trading platforms.
