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BRIEF-China Financial Services updates on entering subscription agreement
May 17, 2017 / 12:37 PM / 4 months ago

BRIEF-China Financial Services updates on entering subscription agreement

May 17 (Reuters) - China Financial Services Holdings Ltd :

* Company and China United SME Guarantee Corporation entered into subscription agreement

* Net proceeds of subscription, after deduction of related expenses, will be approximately HK$165.0 million

* Co intends to apply net proceeds of subscription to finance balance of cash consideration payable under acquisition

* Agreement in relation to subscription of aggregate of 243 million subscription shares at price of HK$0.68 per subscription share Source text for Eikon: Further company coverage:

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