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BRIEF-Zall Group enters subscription agreement
May 31, 2017 / 1:27 AM / 6 months ago

BRIEF-Zall Group enters subscription agreement

May 31 (Reuters) - Zall Group Ltd

* ‍company entered into subscription agreement with subscriber​

* ‍deal for subscription price of hk$4.2 per subscription share​

* ‍company conditionally agreed to allot and issue, an aggregate of 357.1 million subscription shares​

* gross proceeds from subscription are estimated to be approximately hk$1.5 billion

* company intends to apply net proceeds from subscription to repay certain debt of group and as general working capital of group Source text for Eikon: Further company coverage:

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