Brief: Man Sang International enters subscription agreement

Man Sang International

30/09/2016 11:57

Sept 30 (Reuters) - Man Sang International Ltd  0938.HK  
    * Company and subscriber entered into subscription agreement 
    * Subscriber has conditionally agreed to subscribe for a 
total of 166mln subscription shares at subscription price of 
HK$0.60 
    * Net proceeds from subscription, after deduction of related 
expenses, are estimated to be approximately HK$99.9 million 
    * Intends to apply net proceeds from subscription for 
funding of acquisition of a property located in Chongqing, PRC 
 
Source text for Eikon:  ID:nHKSCb1FV  
Further company coverage:  0938.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))