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Neway Group Holdings Ltd announces placing of new shares under general mandate


Friday, 15 Aug 2014 09:35am EDT 

Neway Group Holdings Ltd:Says the company and the placing agent entered into the placing agreement.Pursuant to which the company has appointed the placing agent to procure, as placing agent of the company, placees to subscribe, failing which the placing agent itself shall subscribe, for 203,860,000 placing shares at a price of HK$0.163 per placing share.Gross proceeds from the Placing will be about HK$33.2 mln.Net proceeds will be about HK$32.2 mln.Intended that the entire net proceeds from the Placing will be utilised for general working capital of the Group. 

Company Quote

0.155
-0.0010 -0.64%
12:41am EST