June 7, 2017 / 12:51 AM / 2 months ago

BRIEF-Jiayuan International enters placing agreement

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June 7 (Reuters) - Jiayuan International Group Ltd

* Mingyuan group investment limited, placing agents and company entered into placing agreement

* Vendor agreed to sell, placing agents agreed to place, of up to 352.5 million existing shares at placing price of HK$3.35 per placing share

* Net proceeds raised from subscription is intended to be used primarily for acquisition of land bank Source text for Eikon: Further company coverage:

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