January 4, 2017 / 2:55 PM / 8 months ago

BRIEF-U Banquet Group announces placing of new shares

Jan 4 (Reuters) - U Banquet Group Holding Ltd :

* Company to place up to an aggregate of 93 million new shares at HK$1.61 per share

* Gross proceeds of placing will amount to approximately HK$149.73 million

* Net proceeds receivable by company, after deducting relevant expenses incurred in relation to placing, are estimated to be about HK$146.74 million Source text for Eikon: Further company coverage:

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