Brief: Asiaray Media Group Considers Spinning-Off Media, Ad Businesses In Southeast Asia, HK & Macau
20/11/2019 15:06
Nov 20 (Reuters) - Asiaray Media Group Ltd 1993.HK :
* ANT FINANCIAL'S UNIT TO SUBSCRIBE FOR 35.7 MILLION SHARES
OF CO
AT PRICE HK$4.10 PER SHARE
* CONSIDERING SPIN-OFF,SEPARATE LISTING OF MEDIA,ADVERTISING
BUSINESSES IN SOUTHEAST ASIA, HK, MACAU ON A RECOGNISED STOCK
EXCHANGE
* NET PROCEEDS FROM ISSUE OF SUBSCRIPTION SHARES HK$142.8
MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS4pljVC
Further company coverage: 1993.HK
(Reuters.Briefs@thomsonreuters.com)
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