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National Agricultural Holdings Ltd announces placing and subscription of new shares under specific mandate


Friday, 15 Aug 2014 07:42am EDT 

National Agricultural Holdings Ltd:Says the company and the placing agents entered into the placing agreement.Pursuant to which the placing agents have severally and conditionally agreed to procure, on a best effort basis, a total of not less than six Placees to subscribe for up to a maximum of 243,900,000 placing shares within the placing price range of HK$2.80 to HK$3.28 per placing share.Entered into the subscription agreement with the subscriber.Net proceeds of the placing and the subscription are expected to be in the range of about HK$1,382 mln to HK$1,619 mln. 

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