March 9, 2017 / 12:50 PM / 6 months ago

BRIEF-LifeAssays resolves on directed share issue

March 9 (Reuters) - LifeAssays AB (Publ):

* Decided to conduct a issue of 165,634,323 new B shares, equivalent to about 9.99 percent of outstanding shares

* Subscription price is 0.039 crown per B share

* The purpose of the issue is to provide the company with a new strategically important shareholder.

* Says Beijing St Grand Asset Management will by its investment become one of LifeAssays’ larger shareholders. Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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