China City Railway Transportation Technology Holdings Co Ltd announces subscription of new shares and placing of new shares under specific mandate


Friday, 4 Apr 2014 10:53am EDT 

China City Railway Transportation Technology Holdings Co Ltd:Enters into subscription agreement with the subscriber.To allot and issue 248,804,313 new shares at the subscription price of HK$1.25 per subscription share to the subscriber.Enters into placing agreement with the placing agent.Placing Agent has conditionally agreed to procure, on a best efforts basis, placees to subscribe for of up to 83,887,262 new shares at the placing price of HK$1.25 per placing share.Gross proceeds from the placing and the subscription are expected to be about HK$415,864,500 in aggregate. 

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