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Brief: King Stone Energy says placing will not proceed

Jan 20 (Reuters) - King Stone Energy Group Ltd  0663.HK : 
 * "Given the recent stock market volatility, the placing will not proceed" 
 * Says company is also considering other financing plans or alternative 
 * Company is re-negotiating with placing agent for agreeing on the new terms and/or new size of the placing 
 * Source text for Eikon  ID:nHKSbQmb6r  
 
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