Brief: U Banquet Group To Allot & Issue 117 Mln Shares At HK$1.53 Per Share

Net A Go Technology Co

16/12/2019 13:16

Dec 16 (Reuters) - U Banquet Group Holding Ltd  1483.HK :
    * TO ALLOT AND ISSUE 117 MILLION SHARES AT PRICE OF HK$1.53
PER
SHARE TO  GOLDPALM OFFSHORE
    * NET PROCEEDS FROM SUBSCRIPTION ARE EXPECTED TO BE ABOUT
HK$177
MILLION
    * INTENDS TO APPLY NET PROCEEDS TO SETTLE OUTSTANDING
CONSIDERATION PAYABLE FOR ACQUISITION OF BYL PROPERTY, AMONG
OTHERS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2HPbYm
Further company coverage:  1483.HK 

 (Reuters.Briefs@thomsonreuters.com)