Brief: Hong Kong Building and Loan Agency entered into placing agreement

CCIAM Future Energy

29/12/2016 14:50

Dec 29 (Reuters) - Hong Kong Building And Loan Agency Ltd 
 0145.HK : 
    * Company entered into placing agreement with placing agent 
    * Agreed to place, an aggregate of up to 384.4 million 
placing shares at placing price of HK$0.36 per share 
    * Net proceeds from placing of placing shares are 
approximately HK$138.4 million 
    * Placing agent is RHB Securities hong kong limited 
    * Intends to utilize net proceeds from placing for repayment 
of existing indebtedness and/or for possible investments in 
future 
 
Source text for Eikon:  ID:nHKS2sSpX2  
Further company coverage:  0145.HK  
 
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