Brief: China Metal Resources Utilization To Issue 76 Mln Shares To Hongkong Fule International Investment

China Metal Resources Utilization

13/04/2018 12:14

April 13 (Reuters) - China Metal Resources Utilization Ltd
 1636.HK :
    * CO TO ISSUE TO HONGKONG FULE INTERNATIONAL INVESTMENT 76
MILLION
SUBSCRIPTION SHARES AT HK$4.80 PER SHARE
    * NET PROCEEDS FROM SUBSCRIPTION, AFTER DEDUCTION OF RELATED
EXPENSES, ESTIMATED AT ABOUT HK$364.7 MILLION
    * NET PROCEEDS FROM SUBSCRIPTION INTENDED TO BE USED TO
REDUCE
DEBT TO EQUITY RATIO, AMONG OTHERS

Source text for Eikon:  ID:nHKS1KS029 
Further company coverage:  1636.HK 

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