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10 months ago
BRIEF-China Star Entertainment entered into placing agreement with VMS Securities Ltd
October 18, 2016 / 12:52 PM / 10 months ago

BRIEF-China Star Entertainment entered into placing agreement with VMS Securities Ltd

Oct 18 (Reuters) - 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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