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BRIEF-China Unicom Hong Kong enters share subscription agreement with controlling shareholder Unicom Bvi
August 22, 2017 / 2:34 PM / a month ago

BRIEF-China Unicom Hong Kong enters share subscription agreement with controlling shareholder Unicom Bvi

Aug 22 (Reuters) - China Unicom Hong Kong Ltd

* Company and Unicom Bvi, a controlling shareholder of company, entered into share subscription agreement

* Unicom Bvi agreed to subscribe for maximum of 6.65 billion subscription shares at price of hk$13.24 per subscription share

* Maximum subscription shares represent about 27.77% of total issued shares of co as at date of announcement

* Maximum net proceeds of proposed subscription will be about HK$88,056.81 million

* Intends to use proceeds from subscription of about HK$46,777.96 million for upgrading 4g network capabilities of co Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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