Brief: Chinasoft International Says Board Approved Preliminary Proposal To Issue Chinese Depositary Receipts

Chinasoft International

25/01/2021 22:17

Jan 26 (Reuters) - Chinasoft International Ltd  0354.HK :
    * ON JAN 25, BOARD APPROVED PRELIMINARY PROPOSAL FOR
POSSIBLE
ISSUE OF CHINESE DEPOSITARY RECEIPTS
    * BOARD APPROVED PRELIMINARY PROPOSAL FOR POSSIBLE LISTING
OF CDRS
ON AN EXCHANGE PLATFORM IN CHINA
    * PROCEEDS OF PROPOSED ISSUE ARE PRELIMINARILY INTENDED TO
BE USED
FOR CLOUD & OTHER PRINCIPAL BUSINESSES OF COMPANY
    * UNDERLYING SHARES OF CDRS TO BE ISSUED UNDER PROPOSED
ISSUE
PRELIMINARILY INTENDED TO NOT EXCEED 15% OF TOTAL ISSUED SHARES

Source text for Eikon:  ID:nHKS668Pt8 
Further company coverage:  0354.HK 

 ((Reuters.Briefs@thomsonreuters.com))