Brief: GR Properties updates on placing agreement

SR Medical Technology

21/04/2016 15:36

April 21 (Reuters) - GR Properties Ltd  0108.HK : 
 * Placing of new shares under general mandate  0108.HK  
 * The company and the placing agent entered into the placing agreement 
 * Maximum net proceeds, will be approximately hk$104.4 million 
 * Intends to use net proceeds for reducing the portion of loans or credits to be obtained from banks for funding property development project 
 * Source text (bit.ly/1VmNTeO) 
 
 ((For more news, please click here  0108.HK ))  
 ((Bengaluru Newsroom; +91 80 6749 1130))