Brief: Longitech Smart Energy Holding entered into placing agreement

Xinda Investment Holdings

20/10/2016 15:25

Oct 20 (Reuters) - Longitech Smart Energy Holding Ltd 
 1281.HK  
    * Co entered into placing agreement with Guotai Guotai Junan 
Securities (Hong Kong) Limited 
    * Aggregate gross and net proceeds from placing will be 
HK$205.7 million and approximately HK$202 million, respectively 
    * Intends to use HK$80 million for development of cloud 
platform system and HK$90 million for development of energy 
projects 
    * Placing agent has agreed to place a maximum of 121 million 
placing  at placing price of HK$1.70 per placing share 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1DjJBt 
Further company coverage:  1281.HK  
 
 ((bangalore.newsroom@thomsonreuters.com ;))