Brief: Addchance Holdings entered into first subscription agreement

GTI Holdings

06/01/2017 14:53

Jan 6 (Reuters) - Addchance Holdings Ltd  3344.HK  
    * Company and first subscriber entered into first 
subscription agreement 
    * Addchance - gross proceeds of subscriptions are expected 
to be no less than approximately HK$200.0 million and no more 
than approximately HK$364.0 million 
    * Addchance Holdings - company has conditionally agreed to 
allot and issue no less than 2.50 billion first subscription 
shares 
    * Addchance Holdings - first subscriber is gold train 
investments limited, a company established in british virgin 
islands 
    * All net proceeds of subscriptions will be applied for 
repayment of liabilities and general working capital of group. 
 
Source text for Eikon:  ID:nHKS6HQbKN  
Further company coverage:  3344.HK  
 
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