Brief: Value Convergence announces placing of 110 mln new shares
06/07/2016 11:42
July 6 (Reuters) - Value Convergence Holdings Ltd 0821.HK : * Placing of new shares under general mandate 0821.HK * Net proceeds of approximately hk$94.5 million from the placing * Entered into the placing agreement with the placing agent * Company agreed to place, through the placing agent, up to an aggregate of 110 million placing shares * Intends to use the net proceeds for margin financing and money lending business * Source text for Eikon ID:nHKS2rLFmY * ((For more news, please click here 0821.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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