Brief: Minshang Creative Technology Announces Possible Acquisition And Placing of Shares
06/11/2018 14:43
Nov 6 (Reuters) - Minshang Creative Technology Holdings Ltd
1632.HK :
* ANNOUNCES MOU FOR POSSIBLE ACQUISITION OF 50% EQUITY
INTERESTS
IN A COMPANY ESTABLISHED IN PRC WITH LIMITED LIABILITY
* SAYS PLACING OF NEW SHARES TO MAXIMUM OF 56.6 MILLION
PLACING
SHARES AT PLACING PRICE OF HK$1.1 PER PLACING SHARE.
* NET PROCEEDS FROM PLACING ARE ESTIMATED TO BE ABOUT
HK$58.7
MILLION
Source text for Eikon: ID:nHKS8mVLP6
Further company coverage: 1632.HK
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