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Legend Strategy International Holdings Group Co Ltd announces placing


Wednesday, 23 Jul 2014 08:28am EDT 

Legend Strategy International Holdings Group Co Ltd:Agreed to place, through the placing agent a maximum of 43,500,000 new shares to not less than six placees at a price of HK$0.79 per placing share.The maximum of 43,500,000 Placing Shares represent about 19.93 pct of the issued share capital of the company of 218,270,001 shares as at the date of this announcement.The maximum gross proceeds and net proceeds from the placing will be about HK$34.4 million and HK$33.3 million respectively.The net proceeds from the placing are intended to be used for the repayment of liabilities and general working capital of the group. 

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