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Shougang Concord Technology Holdings Ltd announces placing of existing shares and subscription of new shares


Friday, 25 Apr 2014 09:29am EDT 

Shougang Concord Technology Holdings Ltd:Says the vendor, the company and placing agent entered into the placing and subscription agreement.It is to place up to an aggregate of 379,520,000 existing shares to not fewer than six placees for the purposes of the takeovers code at the top-up placing price of HK$0.30 per top-up placing share.The vendor has conditionally agreed to subscribe for up to an aggregate of 379,520,000 subscription shares, equal to the number of top-up placing shares which will be placed under the top-up placing, at a price of HK$0.30 per subscription share. 

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