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Provider : Wright Reports
Provider : Thomson Reuters Stock Report

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National Investments Fund Ltd announces placing of new shares under general mandate

Tuesday, 12 Aug 2014 10:50am EDT 

National Investments Fund Ltd:Enters into placing agreement with placing agent pursuant to which placing agent has conditionally agreed with the company to place 132,660,000 placing shares on fully underwritten basis to not less than six placees at placing price of HK$0.60 per placing share.Placing shares will be allotted and issued under general mandate granted to directors at annual general meeting of the company held on May 16.Says that as at date of this announcement, no shares have been allotted and issued pursuant to general mandate.132,660,000 placing shares to be allotted and issued represent about 10.00 pct. of existing issued share capital of the company as at date of this announcement.Gross proceeds and net proceeds from placing will be about HK$79.60 mln and HK$77.57 mln respectively, which will be used for future investments pursuant to investment objectives of the company. 

Company Quote

0.0050 +1.72%
2:57am EDT