Brief: Nine Express and Upbest Securities entered placing agreement

Keyne

13/07/2016 15:40

July 13 (Reuters) - Nine Express Ltd  0009.HK : 
 * Placing of new shares under general mandate  
 * Co and Upbest Securities Company Limited entered into the placing agreement 
 * Expected that maximum net proceeds from placing will be approximately 
hk$153.9 million 
 * Has conditionally agreed to place up to 494.2 million placing shares at 
placing price of hk$0.323 per share 
 
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