Brief: Digital Domain Holdings says placing of new shares

Digital Domain Holdings

30/05/2016 15:10

May 30 (Reuters) - Digital Domain Holdings Ltd  0547.HK : 
 * Placing of new shares under general mandate  0547.HK  
 * Company entered into the placing agreement with the placing agent 
 * Gross proceeds and net proceeds from the placing will be approximately hk$350 million and hk$344.61 million respectively 
 * Company has conditionally agreed to place, 700 million placing shares to the placees at the placing price of hk$0.50 per share 
 * Proceeds intended to be applied towards media entertainment segment and as general working capital purposes of the group. 
 * Source text (http://bit.ly/20QoYQ1) 
 
 
 
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