Brief: China Fibretech Announces Proposed Placement Of 50 Mln New Shares At S$0.60 Per Share
May 7 (Reuters) - China Fibretech Ltd CHFI.SI :
* ANNOUNCES PROPOSED PLACEMENT OF 50 MILLION NEW ORDINARY
SHARES
AT S$0.60 FOR EACH NEW SHARE
* ESTIMATED NET PROCEEDS FROM PROPOSED PLACEMENT S$29.9
MILLION
Source text for Eikon: ID:nSNZ6pQwt8
Further company coverage: CHFI.SI
((Reuters.Briefs@thomsonreuters.com;))
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