Brief: Nanfang Communication Announces Possible Subscription Of Preferred Shares In A Co
06/11/2018 11:45
Nov 6 (Reuters) - Nanfang Communication Holdings Ltd
1617.HK :
* NANFANG COMMUNICATION ANNOUNCES POSSIBLE SUBSCRIPTION OF
PREFERRED SHARES IN A CO INCORPORATED UNDER LAWS OF CAYMAN
ISLANDS
* PROPOSED THAT TOTAL INDICATIVE SUBSCRIPTION MONEY BY CO
FOR
PREFERRED SHARES SHALL BE ABOUT USD60 MILLION
* COMPANY MAY PROVIDE LOAN IN AMOUNT OF USD30 MILLION TO
TARGET
FOR TERM OF SIX MONTHS
* LOAN MAY BE CONVERTED INTO SUBSCRIPTION MONEY FOR PROPOSED
SUBSCRIPTION IF MATERIALISED
Source text for Eikon: ID:nHKS3tCslt
Further company coverage: 1617.HK
(Reuters.Briefs@thomsonreuters.com)
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