Brief: Kong Shum Union Property Management enters into placing agreement

Kong Shum Smart Management (Holdings)

18/08/2016 14:41

Aug 18 (Reuters) - Kong Shum Union Property Management Holding Ltd 
 8181.HK : 
 * Placing of new shares under general mandate  8181.HK  
 * Company and the placing agent entered into the placing agreement 
 * Deal for placing price of HK$0.23 per placing share 
 * Pursuant to deal co conditionally agreed to place through the placing agent, up to 99 million placing shares 
 * Gross proceeds from placing will be approximately HK$22.8 million and the net proceeds will be approximately HK$22.0 million 
 * Intend to use net proceeds for future investment opportunities of co which includes securities investment and/or property investment 
 
* Source text for Eikon  ID:nWNBS02VN0  
 
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