Brief: Chaoyue Group to place up to 1.28 bln new shares

International Business Settlement Holdings

24/11/2016 12:51

Nov 24 (Reuters) - Chaoyue Group Ltd  0147.HK  : 
    * Company entered into placing agreement with placing agent 
in relation to placing 
    * Maximum net proceeds of from placing will amount to 
approximately hk$1.59 billion 
    * Company has agreed to place, on a best effort basis, 
through placing agent, up to 1.28 billion new shares 
    * Placing price is hk$1.25 per placing share 
 
Source text for Eikon:  ID:nHKS4c693P  
Further company coverage:  0147.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))