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309 Xinhua News Media Holdings News Story

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Brief: Xinhua News Media To Place Up To 163 Mln New Shares At HK$0.275 Per Share

June 7 (Reuters) - Xinhua News Media Holdings Ltd  0309.HK :
    * TO PLACE UP TO 163 MILLION NEW SHARES AT HK$0.275 PER
SHARE
    * MAXIMUM NET PROCEEDS FROM PLACING ESTIMATED TO BE ABOUT
HK$44.2
MILLION
    * NET PROCEEDS OF PLACING ARE INTENDED FOR INVESTING AND
DEVELOPING ADVERTISEMENT BROADCASTING BUSINESS

Source text for Eikon:  ID:nHKS1k4p4b 
Further company coverage:  0309.HK 

 ((Reuters.Briefs@thomsonreuters.com;))

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