BEIJING, Oct. 25 /PRNewswire-Asia-FirstCall/ -- Funtalk
China Holdings Limited ("Funtalk" or the "Company") (Nasdaq: FTLK)
announced that it intends to offer, subject to market and other
conditions, approximately 7,000,000 ordinary shares in a public
offering. In connection with this offering, the underwriters will
have an option to purchase up to an additional 1,050,000 ordinary
shares from the Company.
The Company plans to use the net proceeds from the offering to
expand its retail network, including acquiring interests in other
retail chains and establishment of new retail outlets.
BofA Merrill Lynch and Jefferies & Company will act as the
joint bookrunners and Oppenheimer & Co., Roth Capital Partners
and Rodman & Renshaw will serve as co-managers for this
offering.
A registration statement on Form F-1 relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release
shall not constitute an offer to sell, or a solicitation of an
offer to buy, the securities described herein, nor shall there be
any offer, solicitation or sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Copies of the preliminary prospectus may be obtained from BofA
Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus
Department, or by e-mail to dg.prospectus_requests@baml.com, and
from Jefferies & Company, 520 Madison Avenue, 12th Floor,
Syndicate Middle Office, New York,
NY 10022, Attention: Stephen M.
Ficara, or by phone at 212-284-3418. An electronic copy of
the Company's registration statement on Form F-1 and the
preliminary prospectus is also available on the web site of the
Securities and Exchange Commission at http://www.sec.gov.
Safe Harbor and Informational Statement
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. The words "anticipate,"
"believe," "estimate," "expect," "intend," "may," "plan,"
"predict," "project," "will," "would" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. The
Company may not actually achieve the plans, intentions or
expectations disclosed in the forward-looking statements, and
investors should not place undue reliance on the forward-looking
statements. Actual results or events could differ materially from
the plans, intentions and expectations disclosed in the
forward-looking statements made by the parties as a result of a
number of factors, some of which may be beyond the Company's
control. These factors include the risk that the Company will not
use the proceeds from the offering in the manner contemplated, as
well as the other risk factors detailed in the Company's filings
with the Securities and Exchange Commission, including its
registration statement on Form F-1, as amended from time to time.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE Funtalk China Holdings Limited
Copyright . 25 PR Newswire
