Brief: New Sports Group Says To Issue Up To 1.63 Bln New Shares

Glory Sun Land

10/01/2018 14:38

Jan 10 (Reuters) - New Sports Group Ltd  0299.HK : 
    * CO TO ISSUE UP TO 1.63 BILLION NEW SHARES AT PLACING PRICE 
OF 
HK$0.50 PER PLACING SHARE 
    * PROPOSES TO INCREASE AUTHORISED SHARE CAPITAL FROM HK$200 
MILLION DIVIDED INTO 4 BILLION SHARES TO HK$400 MILLION DIVIDED 
INTO 8 BILLION SHARES 
    * NET PROCEEDS FROM PLACING & SUBSCRIPTION ARE ESTIMATED TO 
BE 
ABOUT HK$1.02 BILLION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbhQlCB 
Further company coverage:  0299.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))