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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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China Investment Development Ltd announces completion of placing

Tuesday, 14 Jan 2014 04:19am EST 

China Investment Development Ltd:Says all condition of the placing had been fulfilled and the completion of the placing took place on Jan. 2.70,000,000 placing shares have been successfully placed by the placing agent to not less than six independent placees at the placing price of HK$1.42 per placing share pursuant to the terms and conditions of the placing agreement.The net proceeds from the placing, after deducting the placing fees payable to the placing agent and other expenses incidental to the placing, is about HK$98,793,000.It is intended to apply for future investments pursuant to the investment objectives of the company and general working capital of the group. 

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