Brief: Food Idea says placing of existing shares and subscription for new shares

Palinda group

18/12/2015 12:26

Dec 18 (Reuters) - Food Idea Holdings Ltd  8179.HK : 
 
 * Placing of existing shares and subscription for new shares under general mandate  8179.HK  
 * Says entered into the placing and subscription agreement with the placing agent and the subscriber 
 * Net proceeds of hk$27.0 million 
 * Says intends to use the net proceeds from the subscription for developing the group's money lending business 
 * Placing of up to 768 million placing shares to the placees at the placing price of hk$0.036 per placing share 
 * Subscription for up to 768 million new subscription shares by subscriber at the subscription price of hk$0.036 per subscription share 
 
 * Source text for Eikon  ID:nHKSbl0bzt  
 
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