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BRIEF-Yuzhou Properties Co announces subscription of new shares
September 6, 2017 / 10:39 PM / 18 days ago

BRIEF-Yuzhou Properties Co announces subscription of new shares

Sept 7 (Reuters) - Yuzhou Properties Co Ltd

* Company, Kwok Ying Lan & CITI and haitong entered into placing and subscription agreement

* Share placing price of hk$4.53

* Kwok Ying Lan as vendor has agreed to subscribe for up to 350 million new shares at subscription price

* Net proceeds from subscription are expected to be approximately hk$1,564 million

* Immediately after completion of placing, it is expected that none of placees will become substantial shareholder of company Source text for Eikon: Further company coverage:

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