October 18, 2016 / 3:22 PM / 10 months ago

BRIEF-New silkroad culturaltainment says to raise HK$1.5 bln in proposed open offer

Oct 18 (Reuters) - New Silkroad Culturaltainment Ltd :

* Macrolink, a controlling shareholder, has conditionally agreed to fully underwrite all offer shares

* Board proposes to raise not less than about hk$1.5 billion on basis of two offer shares for every five shares held on record date

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