Mason Financial Rights Issue Oversubscribed by 77.1%

HONG KONG, Feb. 7, 2017 /PRNewswire/ -- Mason Financial Holdings Limited ("Mason Financial" or the "Company", stock code: 273:HK) today announced the results of its rights issue.

The Company received applications for a total of approximately 39.185 billion rights shares, representing approximately 1.77 times of the total number of approximately 22.125 billion rights shares available for subscription under the rights issue. Accordingly, the rights issue was oversubscribed by 77.1%, thus fully achieving the financing goal which the Company had set. These applications comprised valid acceptances of the provisional allotment in respect of a total of approximately 21.34 billion rights shares, representing approximately 96.5% of the total number of rights shares available for subscription under the rights issue, as well as valid applications for excess rights shares in respect of a total of approximately 17.844 billion rights shares, representing approximately 80.7% of the total number of rights shares available for subscription under the rights issue. Net proceeds from the rights issue are estimated to be approximately HK$2.84 billion.

The rights issue was firmly supported by the Company's major shareholders and the Company's core management actively participated in it. The top two major shareholders -- Grace Gorgeous Investment Holdings Limited and Mr Hui Wing Mau, founder and controlling shareholder of Shimao Property Holdings -- applied for approximately 3.675 billion and 2.154 billion excess rights shares, respectively. In the end, Grace Gorgeous Investment Holdings Limited and Mr Hui Wing Mau subscribed to 4.772 billion and 3.782 billion rights shares, respectively, increasing their respective shareholding to 21.24% and 16.90% upon completion of the rights issue. Additionally, Mr Alex Ko, joint chairman and CEO of the Company, and Mr Cheng Tat Joel, COO, subscribed to approximately 313 million and 240 million rights shares respectively.

Alex Ko, Joint Chairman and CEO of Mason Financial, commented: "The positive response to the right issue demonstrates the shareholders' steadfast trust in the Company's development strategy, their strong confidence in its future, and their willingness to participate in its future growth prospects. The successful result of the right issue will help to strengthen the Company's equity base and enhance its financial strength. It will also help Mason Financial to vigorously develop its financial services platform and seize excellent opportunities for direct investment, enabling the company to realize its global goals and achieve rapid development."

Mr. Joel Chang, Group COO of Mason Financial, stated: "Upholding the 'industry + finance' dual-engine growth strategy, the Company will continue to work tirelessly to implement our strategy and march toward the goal, thereby realizing the balanced and complementary development of both industry and finance. For growing our financial services business, we have already established a fully licensed financial service platform. In future, we will further expand the existing business in securities, brokerage and margin financing, as well as zeroing in on business opportunities in other financial sectors such as insurance. For the direct investment in the industry, following Mason Financial's acquisition of a fertility clinic, a genetic testing business and a retailer focusing on mother-infant-child, it has basically established a comprehensive footprint in the mother-infant-child industry and has created an all-round mother-infant-child ecosystem. Looking ahead, we will focus on expanding the business along the value chain of medical service and the mother-infant-child industry, so as to capitalize on the enormous potential within the industry in Greater China and to equip Mason Financial to become the 'Top Pick in mother-infant-child industry'. On the strength of our abundant capital, differentiated development strategy, experienced management with global insight and outstanding servicing team, we are confident about the prospects of the Company and are committed to delivering a better long-term return to shareholders."

About Mason Financial Holdings Limited

Mason Financial Holdings Limited (273.HK), through its various subsidiaries, is principally engaged in dealing in securities, futures brokerage, bullion trading services, provision of securities margin financing, investment and corporate finance advisory, money lending and investment holding. Upholding its "industry+finance" dual-engine growth strategy, Mason Financial has carried out a series of strategic moves, including:

• In February 2016, the Company completed the acquisition from Guoco Group (53.HK) of three companies engaged in securities trading, precious metals trading, and futures brokerage. The three companies were subsequently renamed as Mason Securities Limited, Mason Futures Limited and Mason Bullion Limited respectively. 
• In September 2016, the Company acquired a 55% stake in the amalgamated holding company of Reproductive HealthCare and Victory Assisted Reproductive Technology Laboratory, marking Mason Financial's entry into Hong Kong's premium medical services sector to capitalize on the growing "mother-infant-and-child" demographic demand in Greater China.
• In October 2016, the Company established a lending and financial service company, which offers property mortgage loan and securitization business, expanding the Company's business coverage of lending and financing services.
• In December 2016, the Company acquired a leading mother-infant-child products retail brand, primarily completed the construction of the industry segment of the Company.

With the existing financial service platform, Mason Financial executes the growth strategy with financial service at its core, expanding the coverage of its existing platform business. Looking ahead, Mason Financial will further explore the business of direct investment and wealth management service, to enhance its securities business and expand fund management business. Pursuing strategies such as mergers and acquisitions and strategic partnerships, Mason Financial is set to position itself to become a competitive global financial conglomerate with a strong competitive edge.

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