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BRIEF-Hong Kong Building and Loan Agency entered into placing agreement
December 29, 2016 / 3:05 PM / in 10 months

BRIEF-Hong Kong Building and Loan Agency entered into placing agreement

Dec 29 (Reuters) - Hong Kong Building And Loan Agency Ltd :

* Company entered into placing agreement with placing agent

* Agreed to place, an aggregate of up to 384.4 million placing shares at placing price of HK$0.36 per share

* Net proceeds from placing of placing shares are approximately HK$138.4 million

* Placing agent is RHB Securities hong kong limited

* Intends to utilize net proceeds from placing for repayment of existing indebtedness and/or for possible investments in future Source text for Eikon: Further company coverage:

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