Brief: Shi Shi Services Says Co To Place Up To 171 Mln Placing Shares

Kong Shum Smart Management (Holdings)

31/10/2018 15:04

Oct 31 (Reuters) - Shi Shi Services Ltd  8181.HK :
    * TO PLACE UP TO 171 MILLION PLACING SHARES, AT A PRICE OF
HK$0.24
PER PLACING SHARE
    * NET PROCEEDS FROM PLACING WILL BE APPROXIMATELY HK$40.4
MILLION
AFTER DEDUCTION OF COMMISSION AND OTHER EXPENSES OF PLACING
    * DIRECTORS INTEND TO USE NET PROCEEDS OF ABOUT HK$32.3
MILLION
PARTLY FOR EXPANSION OF GROUP'S PROPERTY MANAGEMENT BUSINESS IN
PRC

Source text for Eikon:  urn:newsml:reuters.com:*:nHKScbVHzR
Further company coverage:  8181.HK 

 ((Reuters.Briefs@thomsonreuters.com;))