Brief: China Putian Food Holding To Issue 79.8 Mln New Shares To Best Tower Holdings
17/09/2018 15:19
Sept 17 (Reuters) - China Putian Food Holding Ltd 1699.HK :
* CO TO ALLOT AND ISSUE, 79.8 MILLION NEW SHARES TO BEST
TOWER
HOLDINGS AT SUBSCRIPTION PRICE OF HK$0.281 PER SUBSCRIPTION
SHARE
* NET PROCEEDS OF SUBSCRIPTION, AFTER DEDUCTING ALL RELATED
FEES
AND EXPENSES, ARE ESTIMATED TO BE ABOUT HK$22.1 MILLION
* 42.1 PERCENT OF NET PROCEEDS WILL BE USED FOR REPAYMENT OF
REMAINING BANK BORROWING OF RMB18.0 MILLION DUE IN DECEMBER 2018
Source text for Eikon: ID:nHKS9zCmtw
Further company coverage: 1699.HK
((Reuters.Briefs@thomsonreuters.com;))
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