Brief: Nanyang Holdings Says Subscription Of Shares In Shanghai Commercial & Savings Bank
21/08/2019 15:58
Aug 21 (Reuters) - Nanyang Holdings Ltd 0212.HK :
* SHANGHAI COMMERCIAL & SAVINGS BANK TO OFFER 380 MILLION
SHARES
AT NT$36 EACH
* COMPANY INTENDS TO PURSUE PROPOSED SUBSCRIPTION THROUGH
SUBSIDIARIES BY SUBSCRIBING UP TO 13.3 MILLION NEW SCSB SHARES
* TOTAL CONSIDERATION PAYABLE BY GROUP UNDER PROPOSED
SUBSCRIPTION
IN TAKING UP CO'S FULL ENTITLEMENT UNDER SCSB SHARE OFFER WILL
BE NT$480 MILLION
Source text for Eikon: ID:nHKS7TRmD0
Further company coverage: 0212.HK
((Reuters.Briefs@thomsonreuters.com;))
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