Brief: Culturecom Holdings says unit entered into placing agreement
24/03/2017 13:49
March 24 (Reuters) - Culturecom Holdings Ltd 0343.HK :
* Winway, a unit of co, entered into placing agreement with
placing agent
* 524.6 million placing shares owned by Winway will be
placed to placee(s) at placing price of HK$0.12 per CBC share by
placing agent
* Net proceeds will be approximately HK$62 million from
placement
* Group expects to recognize, after transaction costs, a
gain of approximately HK$28 million from placing
Source text for Eikon: urn:newsml:reuters.com:*:nHKS3L7fcH
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