Brief: SinoCom Software says applied for resumption of trading in the shares

Glory Sun Land

28/10/2015 24:15

Oct 28 (Reuters) - SinoCom Software Group Ltd  0299.HK : 
* Says company entered into the placing agreement with the placing agent 
* Says gross proceeds of the placing will amount to approximately HK$100 million 
* Company has agreed to issue bonds with a principal amount of up to HK$100 million to not less than six placees 
* Applied for resumption of trading in the shares of the company with effect from 9:00 a.m. on Wednesday, 28 October 2015 
* Assuming the bonds are fully placed, based on conversion price of hk$0.25 per conversion share, 400 million new shares will be allotted 
 
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