Brief: China Smarter Energy Group updates on subscription of new shares

China Smarter Energy group

15/11/2016 13:36

Nov 15 (Reuters) - China Smarter Energy Group Holdings Ltd 
 1004.HK  
    * Company entered into subscription agreements with 
subscribers, which are independent third parties 
    * Gross proceeds and net proceeds from subscription will be 
approximately hk$1,014 million and hk$1,012 million, 
respectively 
    * Net proceeds from subscription are intended to be used for 
development of its photovoltaic power-related business 
    * Subscription price of hk$0.65 per subscription share 
    * Company has conditionally agreed to allot and issue, 1.56 
billion new shares 
 
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