Brief: Digital Domain enters into subscription agreements with Citic Ltd and SBCVC Digital Fund

Digital Domain Holdings

30/09/2016 14:36

Sept 30 (Reuters) - Digital Domain Holdings Ltd  0547.HK  
    * Entered into subscription agreements with citic limited 
and sbcvc in relation to subscription 
    * Gross proceeds and net proceeds from subscription will be 
approximately hk$200 million and hk$199.85 million respectively 
    * Citic, sbcvc and zheng hao acquired from harmony energy 
convertible notes in principal amount of hk$84 million, hk$84 
million, hk$22.5 million respectively 
    * Proceeds are intended to be applied towards media 
entertainment segment 
    * Co has conditionally agreed to allot and issue an 
aggregate of 363.6 million shares to subscribers at subscription 
price of hk$0.55 per subscription shar 
 
Source text for Eikon:  ID:nHKSc9dRhR  
Further company coverage:  0547.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))