Brief: CNC Holdings Says China Xinhua News Network To Sell 1.19 Billion Sale Shares Of Co
15/01/2024 15:03
Jan 15 (Reuters) - CNC Holdings Ltd 8356.HK :
* CHINA XINHUA NEWS NETWORK HAS CONDITIONALLY AGREED TO SELL
TOTAL
OF 1.19 BILLION SALE SHARES OF CO FOR HK$16.6 MILLION
* CO CONDITIONALLY AGREED TO ALLOT AND ISSUE A TOTAL OF 1.67
BILLION SUBSCRIPTION SHARES AT A TOTAL CONSIDERATION OF HK$20
MILLION
* CO INTENDS TO APPLY NET PROCEEDS FROM SHARE SUBSCRIPTION
FOR
REPAYMENT OF OUTSTANDING INDEBTEDNESS OF GROUP, AMONG OTHERS
Source text for Eikon: ID:nHKSJR7H8
Further company coverage: 8356.HK
((Reuters.Briefs@thomsonreuters.com;))