Brief: Solartech International announces placing of new shares
22/04/2016 15:48
April 22 (Reuters) - Solartech International Holdings Ltd 1166.HK : * Placing of new shares under general mandate 1166.HK * Placing agent and the company entered into the placing agreement * The net proceeds from the placing will amount to approximately hk$61.8 million * Conditionally agreed to place through the placing agent up to 326,560,000 placing shares at placing price of hk$0.195 * Says net proceeds is intended to be used as to about hk$22 million for redemption of promissory note * Source text (http://bit.ly/1VLWLdS) * ((For more news, please click here 1166.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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