51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million

Reuters06-09

51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million

51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. As of June 9, 2025, all conditions outlined in the Placing Agreement have been fulfilled, and an aggregate of 476,009,183 Placing Shares, representing approximately 10.16% of China Netcom's total issued share capital, have been successfully placed to three independent Placees at a price of HK$0.015 per share. The transaction has generated gross proceeds of approximately HK$7.14 million. The company will continue to account for China Netcom as an associate in its consolidated financial statement. Sun Haitao, Chairman and CEO of 51 Credit Card Inc., issued the announcement from Hong Kong.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 51 Credit Card Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2542389764?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-09 19:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2542389764","market":"nz","top_or_hot":-1,"title":"51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. As of June 9, 2025, all conditions outlined in the Placing Agreement have been fulfilled, and an aggregate of 476,009,183 Placing Shares, representing approximately 10.16% of China Netcom's total issued share capital, have been successfully placed to three independent Placees at a price of HK$0.015 per share. The transaction has generated gross proceeds of approximately HK$7.14 million. The company will continue to account for China Netcom as an associate in its consolidated financial statement. Sun Haitao, Chairman and CEO of 51 Credit Card Inc., issued the announcement from Hong Kong.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 51 Credit Card Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-09 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. As of June 9, 2025, all conditions outlined in the Placing Agreement have been fulfilled, and an aggregate of 476,009,183 Placing Shares, representing approximately 10.16% of China Netcom's total issued share capital, have been successfully placed to three independent Placees at a price of HK$0.015 per share. The transaction has generated gross proceeds of approximately HK$7.14 million. The company will continue to account for China Netcom as an associate in its consolidated financial statement. Sun Haitao, Chairman and CEO of 51 Credit Card Inc., issued the announcement from Hong Kong.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 51 Credit Card Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1188","symbol_name":"消费信贷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL7z9CVQ:1","article_id":"2542389764","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542389764","pubTimestamp":1749468657,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. As of June 9, 2025, all conditions outlined in the Placing Agreement have been fulfilled, and an aggregate of 476,009,183 Placing Shares, representing approximately 10.16% of China Netcom's total issued share capital, have been successfully placed to three independent Placees at a price of HK$0.015 per share. The transaction has generated gross proceeds of approximately HK$7.14 million. The company will continue to account for China Netcom as an associate in its consolidated financial statement. Sun Haitao, Chairman and CEO of 51 Credit Card Inc., issued the announcement from Hong Kong.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpre","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1188":"消费信贷","02051":"VALA"},"translate_title":"51 Credit Card Inc.完成配售中国网通股份集资714万港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02051":0.9},"content_text":"51 Credit Card Inc. Completes Placing of Shares in China Netcom, Raising HK$7.14 Million\n    \n\n        51 Credit Card Inc. has announced the completion of a transaction involving the disposal of shares in its subsidiary, China Netcom, through a placing. As of June 9, 2025, all conditions outlined in the Placing Agreement have been fulfilled, and an aggregate of 476,009,183 Placing Shares, representing approximately 10.16% of China Netcom's total issued share capital, have been successfully placed to three independent Placees at a price of HK$0.015 per share. The transaction has generated gross proceeds of approximately HK$7.14 million. The company will continue to account for China Netcom as an associate in its consolidated financial statement. Sun Haitao, Chairman and CEO of 51 Credit Card Inc., issued the announcement from Hong Kong.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 51 Credit Card Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2542389764","isCrawlerRequest":true}