Dec 22 (Reuters) - Labixiaoxin Snacks Group Ltd 1262.HK :
* Says entered into the placing agreement with the placing agent in relation to the placing
* Says company has agreed to place, through the placing agent, up to 225.8 million new shares in the company
* On assumption that placing is completed in full, it will raise net proceeds of HK$154.7 million
* Net proceeds will be applied towards the group's business development
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