February 16, 2017 / 3:16 PM / 5 months ago

BRIEF-Co-Prosperity enters agreement to place 797.2 mln shares

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Feb 16 (Reuters) - Co-prosperity Holdings Ltd

* Placing agent and company entered into placing agreement

* Placing agent agreed to place up to 797.2 million placing shares to currently expected not less than six placees who are independent third parties

* Maximum net proceeds from placing will be HK$155.22 million

* Net proceeds be utilised for settlement of a promissory note regarding million federal acquisition

* Placing agent is Kingston Securities Limited Source text for Eikon: Further company coverage:

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