Brief: Regent Pacific Group enters into placing and subscription agreement

Regent Pacific

29/03/2017 15:52

March 29 (Reuters) - Regent Pacific Group Ltd  0575.HK : 
    * Company and placing agent entered into placing and 
subscription agreement 
    * Maximum net proceeds from subscription will be 
approximately hk$38.48 million 
    * Placees to purchase up to 100 million placing shares at 
placing price of hk$0.405 per placing share 
    * Net proceeds will be used to fund new drug application 
process with fda, and continued commercial manufacturing scale 
up of fortacintm 
 
Source text (http://bit.ly/2nvE2q8) 
Further company coverage:  0575.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))