Brief: China Uptown updates on placing of new shares under general mandate
18/11/2015 14:30
Nov 18 (Reuters) - China Uptown Group Co Ltd 2330.HK : * Placing of new shares under general mandate 2330.HK * Says company and the placing agent entered into the placing agreement * Estimated net proceeds arising from the placing will be approximately hk$61 million * Placing agent to place up to 188.3 million placing shares to the placees at hk$0.329 per placing share * Proceeds intended to be used for the payment of part of the retention fund of RMB50 million Source text for Eikon ID:nHKS352t1S ((For more news, please click here 2330.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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