Brief: Shougang Concord International Enterprises Co Agrees To Issue 1.5 BLN Subscription Shares

Shoucheng Holdings

14/02/2020 10:27

Feb 14 (Reuters) - Shougang Concord International
Enterprises Co Ltd  0697.HK :
    * CO AGREED TO ISSUE 1.5 BILLION SUBSCRIPTION SHARES AT
PRICE OF
HK$0.3 PER SHARE
    * TOTAL CONSIDERATION PAYABLE BY SUBSCRIBER HK$450.O MILLION
    * INTENDS TO USE PART OF NET PROCEEDS FROM SUBSCRIPTION TO
INVEST
IN GROUP'S CAR PARKING BUSINESS
    * TOTAL CONSIDERATION PAYABLE BY SUBSCRIBER HK$450 MILLION
(REMOVES EXTRANEOUS LETTER)

Source text for Eikon:  ID:nHKS5xJZXt 
Further company coverage:  0697.HK 

 (Reuters.Briefs@thomsonreuters.com)