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BRIEF-Addchance Holdings entered into first subscription agreement
January 6, 2017 / 3:03 PM / 8 months ago

BRIEF-Addchance Holdings entered into first subscription agreement

Jan 6 (Reuters) - Addchance Holdings Ltd

* Company and first subscriber entered into first subscription agreement

* Addchance - gross proceeds of subscriptions are expected to be no less than approximately HK$200.0 million and no more than approximately HK$364.0 million

* Addchance Holdings - company has conditionally agreed to allot and issue no less than 2.50 billion first subscription shares

* Addchance Holdings - first subscriber is gold train investments limited, a company established in british virgin islands

* All net proceeds of subscriptions will be applied for repayment of liabilities and general working capital of group. Source text for Eikon: Further company coverage:

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