25 June, 2008: The shares acquired would be by way of a placement by AMVIG to Amcor at a price of HK$8.94 per share. The placement price represents a premium of 5% over the weighted average AMVIG share price for the nine trading days prior to 20 June 2008. As a result of this placement and following the completion of the proposed acquisition recently announced by AMVIG, Amcor’s shareholding in AMVIG would increase from 35.4% to 39.3%.
AMVIG has a strategy of leading the consolidation of the tobacco packaging market in China and the funds raised from this share placement will be used to further advance that strategy.