Brief: Synertone Communication To Allot 860 Mln New Shares At HK$0.1 Per Share
14/01/2020 14:15
Jan 14 (Reuters) - Synertone Communication Corp 1613.HK :
* CO AGREED TO ALLOT & ISSUE 860 MILLION NEW SHARES AT
SUBSCRIPTION PRICE OF HK$0.1 PER SHARE
* NET PROCEEDS FROM ISSUE OF SUBSCRIPTION SHARES WILL BE
ABOUT
HK$85.9 MILLION
* SUBSCRIPTION SHARES REPRESENT 19.99% OF TOTAL NUMBER OF
SHARES
IN ISSUE AS AT 14 JAN
* CO PROPOSES TO IMPLEMENT SHARE CONSOLIDATION
Source text for Eikon: ID:nHKS5pFCr7
Further company coverage: 1613.HK
((Reuters.Briefs@thomsonreuters.com;))
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