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BRIEF-Grand Baoxin Auto Group says co and placing agents entered into placing arrangements
June 6, 2017 / 11:08 PM / 3 months ago

BRIEF-Grand Baoxin Auto Group says co and placing agents entered into placing arrangements

June 7 (Reuters) - Grand Baoxin Auto Group Ltd:

* Company and placing agents entered into legally binding placing arrangements

* Applied for resumption of trading of shares on stock exchange with effect from 7 June 2017

* Placing agents agreed to procure placees to subscribe for placing shares​

* Maximum gross proceeds and maximum net proceeds from placing will be HK$980 million and about HK$972.2 million respectively Source text for Eikon: Further company coverage:

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