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8 months ago
BRIEF-A8 New Media Group Ltd updates on issue of new shares
December 21, 2016 / 2:44 PM / 8 months ago

BRIEF-A8 New Media Group Ltd updates on issue of new shares

Dec 21 (Reuters) - A8 New Media Group Ltd

* On 19 december 2016, company and subscriber entered into subscription agreement

* Pursuant to agreement co agreed to allot and issue subscription shares at subscription price of hk$0.41 per share

* Gross proceeds and net proceeds from subscription will be approximately hk$382.0 million and approximately hk$380.5 million respectively

* Application has been made for resumption of trading in shares on 22 december 2016 Source text for Eikon: Further company coverage:

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