Brief: LVGEM China Real Estate Investment updates on proposed placing

LVGEM (China) Real Estate Investment

29/10/2015 13:30

Oct 29 (Reuters) - LVGEM China Real Estate Investment Co Ltd  0095.HK : 
 * Proposed placing under specific mandate  
 * Proposing placing of up to 1.66 billion new shares at the placing price of HK$2.20 per placing share 
 * Net proceeds from the placing are estimated to be approximately HK$1.32 billion 
 * To raise fund to settle part of consideration for acquisition and project development funding purposes 
 
 * Source text for Eikon  ID:nHKS2MKYyG  
 
 ((For more news, please click here  0095.HK ))  
 ((Bengaluru Newsroom; +91 80 6749 1130))