Brief: North Asia Resources enters into placing agreement

Green Leader Holdings

03/12/2015 14:56

Dec 3 (Reuters) - North Asia Resources Holdings Ltd  0061.HK : 
  
 * Says company entered into the placing agreement with the placing agent 
 * Deal for the placing shares, being up to 38 billion shares at the placing 
   price of HK$0.01 per placing share 
 * Resumption of trading in the shares on the stock exchange with effect from 
   9:00 a.m. on 4 December 2015 
 * Pursuant to deal placing agent agrees to procure not less than six placees to 
   subscribe for up to 38 billion shares at HK$0.01 per share 
 * Directors consider the net proceeds from the placing could be applied to 
   reduce debts and settle interest expenses 
 * Source text for Eikon  ID:nHKSwXgBn  
 
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