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Financials

BRIEF-Kwan On Holdings says Sino Coronet to subscribe to share issue

Sept 1 (Reuters) - Kwan On Holdings Ltd:

* Entered subscription agreement with Sino Coronet, substantial shareholder interested in about 11.25 percent in issued share capital of co

* Co to allot and issue, and Sino Coronet will subscribe for, 140 million subscription shares at subscription price of HK$1.30 per subscription share

* Net proceeds of the subscription after fees & related expenses) expected to be about HK$181.3 million Source text: (bit.ly/2vxH5Ft) Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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