Brief: China Singyes New Material Says Singyes Solar To Issue 1.69 Bln Subscription Shares
05/06/2019 02:18
June 5 (Reuters) - China Singyes New Material Holdings Ltd
8073.HK :
* SINGYES SOLAR TO ISSUE 1.69 BILLION SUBSCRIPTION SHARES AT
HK$0.92 PER SUBSCRIPTION SHARE TO WATER DEVELOPMENT (HK)
* AGGREGATE AMOUNT OF CONSIDERATION FOR SUBSCRIPTION SHARES
IS
ABOUT HK$1.55 BILLION
* BOARD OF SINGYES SOLAR PROPOSES $26 MILLION INCREASE IN
AUTHORISED SHARE CAPITAL BY CREATION OF ADDITIONAL 1.40 BILLION
SHARES
* AGGREGATE AMOUNT OF CONSIDERATION FOR SUBSCRIPTION SHARES
IS
ABOUT HK$1.55 BILLION
Source text for Eikon: ID:nHKSb7zzty
Further company coverage: 8073.HK
((Reuters.Briefs@thomsonreuters.com;))
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