Brief: New Sports Group entered into placing agreement with Eternal Pearl Securities

Glory Sun Land

02/11/2016 12:11

Nov 2 (Reuters) - New Sports Group Ltd  0299.HK : 
    * Company entered into placing agreement with placing agent 
    * Company has unconditionally agreed to appoint placing 
agent as sole placing agent 
    * Net proceeds from placing are estimated to be 
approximately hk$92.2 mln 
    * Intends to use net proceeds from issue of bonds to 
refinance november 2015 bonds 
    * Placing agent has unconditionally agreed to procure, on a 
best effort basis, not less than six placees to subscribe for 
bonds 
    * Deal for an aggregate principal amount of up to hk$95 
million during placing period. 
    * Placing agent is Eternal Pearl Securities Limited 
 
Source text for Eikon:  ID:nHKS13hRRv  
Further company coverage:  0299.HK  
 
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