Brief: Hangkan Group Announces Placing Of New Shares

PB

22/10/2018 14:16

Oct 22 (Reuters) - Hangkan Group Ltd  8331.HK :
    * ANNOUNCES PLACING OF NEW SHARES FOR UP TO 111.8 MILLION
PLACING
SHARES AT PLACING PRICE OF HK$0.207 PER PLACING SHARE
    * CO INTENDS TO APPLY ABOUT HK$8.3 MILLION OF NET PROCEEDS
FROM
PLACING FOR REPAYMENT OF SHORT-TERM DEBT AND OTHER PAYABLES OF
GROUP
    * AGGREGATE NET PROCEEDS OF PLACING ARE ESTIMATED TO BE
ABOUT
HK$21.4 MILLION
    * INTENDS TO APPLY  HK$6.6 MILLION OF NET PROCEEDS FROM
PLACEMENT
FOR SETTLEMENT OF PROFESSIONAL AND AUDIT FEES

Source text for Eikon:  ID:nHKS7WtDG7 
Further company coverage:  8331.HK 

 ((Reuters.Briefs@thomsonreuters.com;))