Brief: LVGEM China Real Estate Investment enters into placing agreement

LVGEM (China) Real Estate Investment

06/11/2015 24:08

Nov 5 (Reuters) - LVGEM China Real Estate Investment Co Ltd  0095.HK : 
 * Company and the controlling shareholders entered into the placing agreement 
 * Says placing price of hk$2.20 per share 
 * Net proceeds from the placing are estimated to be approximately hk$2.28 
billion 
 * Says proceeds, will be for funding the offshore project development work 
 * Says proceeds will also be for settling the consideration of the acquisition 
 
 * Source text for Eikon  ID:nHKS2WsXF2  
 
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