Brief: China Yongda Automobiles Services updates on placing and subscription agreement

China Yongda Automobiles Services Holdings

11/05/2017 23:39

May 12 (Reuters) - China Yongda Automobiles Services 
Holdings Ltd  3669.HK : 
    * Subscriber, co, Morgan Stanley & Co. International and UBS 
AG entered into placing and subscription agreement 
    * Each of placing agents agreed to place 135 million 
existing placing shares at placing price of HK$6.58 per placing 
share 
    * Net proceeds from subscription will be about HK$879.8 
million 
    * Intends to use net proceeds for further expansion of its 
dealership network and its automobile financing business 
 
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Further company coverage:  3669.HK  
 
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