Brief: Jiu Rong Holdings announces placing of new shares under general mandate

Jiu Rong Holdings

08/07/2016 11:41

July 8 (Reuters) - Jiu Rong Holdings Ltd  2358.HK : 
 * Hold-placing of new shares under general mandate and proposed increase in 
   authorised share capital  2358.HK  
 * Agent and the company entered into the placing agreement 
 * Agreed to place through placing agent, up to 760 million placing shares at 
   the placing price of hk$0.125 per placing share 
 * Expects that maximum gross proceeds and net proceeds from placing will be 
   approximately hk$95 million and hk$93.50 million respectively 
 * Net proceeds from the placing are intended to be used for repayment of 
   indebtedness of the group 
 
* Source text for Eikon  ID:nHKSfswTL  
 
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