Brief: New Silkroutes Group Announces Proposed Placement And Acquisition

Coolan

13/08/2018 14:27

Aug 13 (Reuters) - New Silkroutes Group Ltd  NEWS.SI :
    * PROPOSES PLACEMENT OF 35.1 MILLION NEW ORDINARY SHARES IN
CAPITAL OF CO AT S$0.285 PER SHARE
    * PROPOSED PLACEMENT WILL RAISE GROSS PROCEEDS OF S$10
MILLION
    * UNIT TO BUY  SHANGHAI FENGWEI GARMENT ACCESSORY CO LTD.
FOR
S$12.5 MILLION
    * CO ENTERS  SUBSCRIPTION AGREEMENTS WITH SYY CAPITAL
HOLDINGS
PTE. LTD. AND WTL CAPITAL HOLDINGS PTE. LTD.

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2dWh43
Further company coverage:  NEWS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))