Brief: Topsearch International updates on subscription agreement

Renco Holdings

23/11/2016 14:26

Nov 23 (Reuters) - Topsearch International (Holdings) Ltd 
 2323.HK : 
    * Purchaser entered into placing letter with placing agent 
    * total consideration for subscription and acquisition would 
be hk$200 million 
    * total consideration of subscription and acquisition would 
mainly be financed by group's internal resources or borrowings 
    * Upon completion purchaser will hold 9.15% of enlarged 
total issued share capital of skynet group 
    * hong kong bridge investments agreed to subscribe for 
subscription shares; and acquire from vendor acquisition shares 
 
Source text for Eikon:  ID:nHKS7j28F7  
Further company coverage:  2323.HK  
 
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