Brief: Nine Express says Co and Riches Depot Securities entered into placing agreement

Keyne

23/06/2017 15:28

June 23 (Reuters) - Nine Express Ltd  0009.HK : 
    * Company and placing agent Riches Depot Securities Co. 
entered into placing agreement 
    * Net proceeds to be received by co from placing will amount 
to approximately hk$115.99 million 
    * Riches Depot Securities Co to place, on a best efforts 
basis, up to 494.2 million placing shares 
    * Intends that about hk$15.50 million of net proceeds be 
used to repay interest expense for us$20.00 million guaranteed 
secured notes due Jan 2018 
 
Source text for Eikon:  ID:nHKS7Snd2x  
Further company coverage:  0009.HK  
 
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