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BRIEF-Texhong Textile Group updates on placing of existing shares and subscription of new shares
October 12, 2016 / 10:52 PM / in a year

BRIEF-Texhong Textile Group updates on placing of existing shares and subscription of new shares

Oct 13 (Reuters) - Texhong Textile Group Ltd :

* Placing agreement was entered into among vendor, company and placing agents

* Gross proceeds and net proceeds from subscription are estimated to be approximately HK$288 million and HK$281 million respectively

* Vendor is new green group

* Placement at HK$9.50 per subscription share

* Company intends to retain net proceeds as capital expenditure required for group’s projects in Vietnam Source text for Eikon: Further company coverage:

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