October 13, 2016 / 3:17 PM / 10 months ago

BRIEF-Wuling Motors enters into capital increase agreement

Oct 13 (Reuters) - Wuling Motors Holdings Ltd

* Wuling Motors Holdings - Company entered into capital increase agreement with Guangxi Automobile and Wuling Industrial

* Wuling Motors - Co conditionally agreed to contribute additional sum of RMB590 million in cash for capital increase in two instalments

* Wuling Motors Holdings Ltd- Company and Wuling HK entered into subscription agreement

* Aggregate net proceeds from subscription and placing are estimated to be approximately HK$690 million

* Wuling Motors-Wuling HK conditionally agreed to subscribe for, convertible notes A in aggregate principal amount HK$400mln Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below