Hengdeli Holdings Limited - The Standard Finance

Notes to the FiNaNcial statemeNts
(Expressed in RMB unless otherwise indicated)
30. capital and ReSeRveS (Continued)
(c) Share capital (Continued)
(i) Authorised and issued share capital (Continued)
issued and fully paid:
106 Hengdeli Holdings Limited - Annual Report 2009
2009 2008
number of amount Number of Amount
shares hKd shares HKD
At 1 January 2,479,000,000 12,395,000 2,484,500,000 12,422,500
Repurchase of shares (note ii) (2,316,000) (11,580) (5,500,000 ) (27,500 )
Share placement (note iii) 236,000,000 1,180,000 – –
Issuance of bonus share 1,356,342,000 6,781,710 – –
At 31 December 4,069,026,000 20,345,130 2,479,000,000 12,395,000
equivalent equivalent
RmB’000 RMB’000
19,909 12,903
The holders of ordinary shares are entitled to receive dividends as declared from time to time and
are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with
regard to the Company’s residual assets.
(ii) Repurchase of own shares
During the year ended 31 December 2009, the Company repurchased its own ordinary shares on
the Stock Exchange as follows:
number of highest lowest
Shares price paid price paid aggregate
month/year repurchased per share per share price paid equivalent
HKD HKD HKD’000 RMB’000
January 2009 2,316,000 1.25 1.21 2,880 2,549
The repurchased shares were cancelled and accordingly the issued share capital of the Company
was reduced by the nominal value of these shares. An amount equivalent to the nominal value of
these shares of RMB10,000 was transferred from the retained profits to the capital redemption
reserve. The premium paid on the repurchase of the shares of RMB2,539,000 was charged to
retained profits.