Brief: SDM Group proposes to raise HK$40 mln- HK$48.48 mln

SDM Education group

04/01/2017 14:39

Jan 4 (Reuters) - SDM Group Holdings Ltd  8363.HK  :  
    * Company proposes to raise not less than HK$40.00 million 
and not more than HK$48.48 million, before expenses 
    * To issue 100 million to 121.2 million offer shares 
    * Subscription price of HK$0.40 per offer share 
    * Company entered into underwriting agreement with 
underwriter China-Hong Kong Link Securities Company  
    * Company intends to apply net proceeds from open offer for 
development of its pre-school education business 
    * Net proceeds from offer are estimated to be not less than 
about HK$39.3 million and not more than about HK$47.7 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2xpGT7 
Further company coverage:  8363.HK  
 
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