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BRIEF-National Arts Entertainment & Culture Group updates on placing agreement
December 2, 2016 / 9:50 AM / in a year

BRIEF-National Arts Entertainment & Culture Group updates on placing agreement

Dec 2 (Reuters) - National Arts Entertainment and Culture Group Ltd :

* company entered into placing agreement with placing agent

* placing of convertible bonds under general mandate

* conversion price of hk$0.282 per share

* Net proceeds from placing are intended to be used for repayment of liabilities of group

* Placing of convertible bonds in aggregate principal amount of approximately hk$20 million Source text (bit.ly/2gtP9hN) Further company coverage:

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