Brief: Landsea Green Group Says Co To Allot & Issue 341.2 Mln New Shares

Landsea Green Management

02/11/2018 15:04

Nov 2 (Reuters) - Landsea Green Group Co Ltd  0106.HK :
    * AGREED TO ALLOT & ISSUE, 341.2 MILLION NEW SHARES AT
HK$0.85 PER
SHARE FOR CAPITALIZATION OF OUTSTANDING AMOUNT OF SHAREHOLDER
LOAN
    * GROSS PROCEEDS FROM CAPITALIZATION WILL BE HK$290.0
MILLION
    * PROCEEDS WILL BE USED FOR SETTING OFF AGAINST OUTSTANDING
PRINCIPAL AMOUNT OF HK$290.0 MILLION UNDER SHAREHOLDER LOAN AT
COMPLETION

Source text for Eikon:  ID:nHKS5GB9jZ 
Further company coverage:  0106.HK 

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