Brief: K Group Signs Placing Agreement With Quasar Securities To Get Not Less Than 6 Placees

E-Station Green Technology

13/12/2019 13:39

Dec 13 (Reuters) - K Group Holdings Ltd  8475.HK :
    * ENTERED PLACING AGREEMENT WITH QUASAR SECURITIES TO 
PROCURE NOT
LESS THAN SIX PLACEES TO SUBSCRIBE FOR SHARES
    * DEAL TO SUBSCRIBE FOR UP TO 40MLN SHARES AT HK$0.38 PER
SHARE
    * NET PROCEEDS FROM PLACING ESTIMATED TO BE ABOUT HK$14.8
MILLION
    * INTENDS TO APPLY NET PROCEEDS FROM PLACING FOR
REFURBISHING &
CONVERTING OLD STORES, DEVELOPING NEW BRANDS, AMONG OTHERS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSrcQwX
Further company coverage:  8475.HK 

 (Reuters.Briefs@thomsonreuters.com)