Brief: CSMall Group To Issue 100 Mln New Shares To Yao Runxiong For HK$150 Mln In Cash
06/05/2019 16:26
May 6 (Reuters) - CSMall Group Ltd 1815.HK :
* CSMALL AGREED TO ALLOT AND ISSUE 100 MILLION NEW SHARES TO
YAO
RUNXIONG AT SUBSCRIPTION PRICE OF HK$1.50 PER SHARE FOR HK$150
MILLION IN CASH
* CSMALL TO ALLOT AND ISSUE EMPLOYEE SHARES, BEING 84.3
MILLION
NEW SHARES, TO ASCEND DELIGHT FOR HK$71.6 MILLION
* AT COMPLETION OF ISSUANCES, SHAREHOLDING OF CHINA SILVER
IN
CSMALL WILL BE DILUTED FROM ABOUT 47.46% TO ABOUT 40.39%
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8p6MSs
Further company coverage: 1815.HK
((Reuters.Briefs@thomsonreuters.com;))
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