Brief: China Smartpay Group Says Unit To Place Up To 200 Mln Shares At Hk$0.086 Per Share
13/01/2020 15:23
Jan 13 (Reuters) - China Smartpay Group Holdings Ltd
8325.HK :
* UNIT TO PLACE UP TO 200 MILLION PLACING SHARES TO NOT LESS
THAN
SIX PLACEES AT PLACING PRICE OF HK$0.086 PER PLACING SHARE
* TOTAL CONSIDERATION FOR DEAL IS LESS THAN HK$3 MILLION
* ASSUMING ALL PLACING SHARES HAVE BEEN PLACED, NET PROCEEDS
OF
ABOUT HK$16.8 MILLION
* UPON COMPLETION, STAKE IN ORIENTAL PAYMENT GROUP HOLDINGS
HELD
BY CHARM ACT GROUP TO BE REDUCED FROM 52.5% TO 32.5%
Source text for Eikon: ID:nHKS94QP2K
Further company coverage: 8325.HK
((Reuters.Briefs@thomsonreuters.com;))
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