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Citic Pacific Ltd announces completion of placing

Monday, 25 Aug 2014 08:09am EDT 

Citic Pacific Ltd:Announces that the placing in respect of 3,952,114,000 placing shares was completed on Aug. 25.Says 3,952,114,000 placing shares, representing about 15.87pct of the total number of issued shares as enlarged by the allotment and issue of the placing shares.Consideration shares have been allotted and issued by the company at the placing price of HK$13.48 to more than six placees who are third parties independent of and not connected persons of CITIC Pacific.Gross and net proceeds raised from the placing were about HK$53.274 billion and HK$53.042 billion, respectively.