Brief: China Demeter Investments updates on placing of new shares

China Demeter Financial Investments

22/11/2016 10:56

Nov 22 (Reuters) - China Demeter Investments Ltd  8120.HK : 
    * Company and placing agent entered into placing agreement 
    * Maximum gross proceeds from placing will be approximately 
HK$11.8 million 
    * Expected that net proceeds from placing will be used to 
develop financial services business of group 
    * Offer at a price of HK$0.10 per placing share 
    * Conditionally agreed to place through placing agent, on a 
best endeavour basis, up to 118.3 million placing shares 
 
Source text for Eikon:  ID:nHKS1sJWqz  
Further company coverage:  8120.HK  
 
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