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Lung Cheong International Holdings Ltd Announces Completion Of Placing Of New Shares


Tuesday, 2 Apr 2013 04:50am EDT 

Lung Cheong International Holdings Ltd announced that all conditions precedent of the placing as set out in the placing agreement have been fulfilled and the completion took place on April 2, 2013. The 2,000,000,000 Placing Shares have been successfully placed by the placing agent to not fewer than six placees, including 1,390,000,000 placing shares were placed to Haier Electrical Appliances second at the placing price of HKD0.20 per placing share in accordance with the terms and conditions of the placing agreement. The net proceeds (net of any related expenses borne by the Company) from the placing amounted to approximately HKD388 million. 

Company Quote

1.14
-0.01 -0.87%
10:59pm EDT