March 24, 2017 / 2:05 PM / 4 months ago

BRIEF-Culturecom Holdings says unit entered into placing agreement

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March 24 (Reuters) - Culturecom Holdings Ltd:

* Winway, a unit of co, entered into placing agreement with placing agent

* 524.6 million placing shares owned by Winway will be placed to placee(s) at placing price of HK$0.12 per CBC share by placing agent

* Net proceeds will be approximately HK$62 million from placement

* Group expects to recognize, after transaction costs, a gain of approximately HK$28 million from placing Source text for Eikon: Further company coverage:

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