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Sino Resources Group Ltd Announces Completion Of New Share Placing


Friday, 21 Jun 2013 05:58am EDT 

Sino Resources Group Ltd announced that with to the announcement dated June 14, 2013 The Board announced that all conditions of the New Share Placing have been fulfilled, and completion of the New Share Placing took place on June 21, 2013. Pursuant to the New Share Placing Agreement, an aggregate of 412,470,000 New Placing Shares have been placed to not less than six Share Placees at the New Placing Price of HKD0.08 per New Placing Share at the completion of the New Share Placing. It is expected that the maximum net proceeds of approximately HKD32.46 million will be utilised by the Group as its general working capital; and to finance the possible acquisition of the entire issued share capital of Glacier Sun Limited. 

Company Quote

0.26
-0.01 -3.70%
19 Dec 2014