Brief: Sincere Watch agreed to place up to 830mln placing shares

Sincere Watch (Hong Kong)

09/08/2016 15:56

Aug 9 (Reuters) - Sincere Watch Hong Kong Ltd  0444.HK : 
 
 * Placing of new shares under general mandate and connected transaction    0444.HK  
 * Entered into the placing agreement with the placing agent,kingston securities limited 
 * Aggregate nominal value of the placing shares under the placing will be    HK$16.6 million 
 * Net proceeds from the placing are estimated to be approximately HK$162.6   million 
 * Has conditionally agreed to place through placing agent up to 830mln placing 
   shares at a price of HK$0.20 per placing share 
 
* Source text for Eikon  urn:newsml:reuters.com:*:nHKS50Y9Bn 
* ((Further company coverage:  0444.HK )) 
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