May 7, 2018 / 12:55 PM / 20 days ago

BRIEF-China Fibretech Announces Proposed Placement Of 50 Mln New Shares At S$0.60 Per Share

May 7 (Reuters) - China Fibretech Ltd:

* ANNOUNCES PROPOSED PLACEMENT OF 50 MILLION NEW ORDINARY SHARES AT S$0.60 FOR EACH NEW SHARE

* ESTIMATED NET PROCEEDS FROM PROPOSED PLACEMENT S$29.9 MILLION Source text for Eikon: Further company coverage:

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