Brief: Baofeng Modern International Updates On Subscription Of New Shares Under General Mandate
12/11/2018 09:39
Nov 12 (Reuters) - Baofeng Modern International Holdings Co
Ltd 1121.HK :
* UPDATES ON SUBSCRIPTION OF NEW SHARES UNDER GENERAL
MANDATE
* TERMINATES SUBSCRIPTION AGREEMENT WITH GOLDENBRIDGES
CREATION
LTD
* SUBSCRIPTIONS BY VENUS CAPITAL FUND AND CHIU HSIN-WANG
WILL
CONTINUE TO PROCEED
* NUMBER OF SUBSCRIPTION SHARES WILL NOW BE 182.8 MILLION
REPRESENTING ABOUT 16.86% OF ISSUED SHARE CAPITAL OF CO
* UPDATED NET PROCEED OF SUBSCRIPTIONS ARE APPROXIMATELY
HK$49.1
MILLION
Source text for Eikon: ID:nHKS8hj9w5
Further company coverage: 1121.HK
((Reuters.Briefs@thomsonreuters.com;))
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