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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