BRIEF-China Star Entertainment entered into placing agreement with VMS Securities Ltd
Oct 18 China Star Entertainment Ltd :
* Maximum net proceeds from placing is estimated to be approximately hk$77.64 million
* Intends to use net proceeds from placing for film production
* Company and vms securities limited entered into placing agreement
* Company has agreed to place and placing agent has agreed to procure subscriptions for a maximum of 150.6 million placing shares
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