Brief: Topsearch International entered into placing agreement

Renco Holdings

14/11/2016 14:52

Nov 14 (Reuters) - Topsearch International (Holdings) Ltd 
 2323.HK : 
    * Placing shares at a price of hk$2.0 per placing share 
    * Intends to apply net proceeds from placing for repayment 
of group's indebtedness and group's other potential investments 
    * Company entered into placing agreement with placing agent 
    * Net proceeds from placing will amount to approximately 
hk$477.6 mln 
    * Company appointed placing agent to place 240 mln placing 
shares at a price of hk$2.0 per placing share 
 
Source text for Eikon:  ID:nHKS2Q5K6w  
Further company coverage:  2323.HK  
 
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