annual report 2014
I
Notes to the Financial Statements
31 December 2014 (Cont’d)
87
13. SHARE CAPITAL
Group and Company
2014
2013
Number of
Number of
shares
shares
’000
USD’000 RMB’000
’000
USD’000 RMB’000
Ordinary shares of
USD0.10 each:
Authorised ordinary shares
3,000,000 300,000 1,828,467 3,000,000 300,000 1,877,788
Issued and fully paid
ordinary shares:
Balance at 1 January
725,998
72,600 488,281 725,998
72,600 488,281^
Effect on conversion of
functional currency
–
–
(45,246)
–
–
–
725,998
72,600 443,035*
725,998
72,600 488,281
Issuance of shares pursuant to:
- Rights issue
241,999
24,200 146,385
–
–
–
- Bonus issue
181,500
18,150 109,789
–
–
–
Balance at 31 December
1,149,497 114,950 699,209 725,998
72,600 488,281
^
Ordinary share capital of the Company was converted at the historical rate of RMB6.8305/USD on 9 July 2009,
RMB6.8278/USD on 11 November 2009, RMB6.5846/USD on 19 January 2011 and RMB6.5947/USD on 2
February 2011, RMB6.2966/USD on 22 February 2012 and RMB6.2960/USD on 1 March 2012, and RMB6.6540/
USD on 30 March 2012 respectively.
*
Ordinary share capital of the Company was converted at the rate of the date of change of functional currency
of RMB6.1024/USD.
(a)
On 23 January 2014, the issued and paid-up share capital of the Company was increased fromRMB488,281,461
to RMB699,209,364 by way of:
(i)
rights issue of 241,998,950 new ordinary shares of USD0.10 each (“Rights Shares”) at an issue price of
RM0.35 per Rights Share for cash on the basis of four (4) Rights Shares for every twelve (12) existing
ordinary shares held; and
(ii)
bonus issue of 181,499,212 new ordinary shares of USD0.10 each (“Bonus Shares”) on the basis of three
(3) Bonus Shares for every twelve (12) existing ordinary shares held.
The newly issued shares rank pari passu in all respects with the existing shares of the Company. There were
no other issues of shares during the financial year.
(b)
The owners of the parent are entitled to receive dividend as and when declared by the Company and are
entitled to one (1) vote per ordinary share at meetings of the Company. All ordinary shares rank pari passu
with regard to the residual assets of the Company.
