Brief: China Beidahuang Industry Group enters placing agreement with placing agent China Sky Securities
07/04/2017 15:51
April 7 (Reuters) - China Beidahuang Industry Group Holdings
Ltd 0039.HK
* Company entered into placing agreement with placing agent
* Co to appoint placing agent and underwriter for purpose of
procuring, not less than six placees to subscribe in cash for
convertible bonds
* Assuming convertible bonds are fully placed, on initial
conversion price of hk$0.40 per conversion share, 500 million
conversion shares will be allotted
* Net proceeds from placing are estimated to be
approximately hk$195 million
Source text for Eikon: ID:nHKS99vgz5
Further company coverage: 0039.HK
(bangalore.newsroom@thomsonreuters.com)
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