March 29, 2017 / 3:10 PM / 4 months ago

BRIEF-Regent Pacific Group enters into placing and subscription agreement

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March 29 (Reuters) - Regent Pacific Group Ltd:

* Company and placing agent entered into placing and subscription agreement

* Maximum net proceeds from subscription will be approximately hk$38.48 million

* Placees to purchase up to 100 million placing shares at placing price of hk$0.405 per placing share

* Net proceeds will be used to fund new drug application process with fda, and continued commercial manufacturing scale up of fortacintm Source text (bit.ly/2nvE2q8) Further company coverage:

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