Brief: New City Development Group enters investment memorandum to issue new shares and/or convertible bonds

New City Development

09/11/2017 23:13

Nov 10 (Reuters) - New City Development Group Ltd  0456.HK  
    * Enters into investment memorandum to possibly issue new 
shares 
and/or convertible bonds to Red Swan Capital Management 
    * Possible allotment and issuance will be conducted in two 
phases 
with an amount of HK$30 million for each subscription 
 
Source text for Eikon:  ID:nHKS8mqQGl  
Further company coverage:  0456.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))