[ET Net News Agency, 11 January 2019] Country Garden Services Holdings Company Limited
(06098) announced that it proposes to carry out a top-up placing of shares. JP Morgan has
been appointed as the sole placing agent in respect of the proposed placing.
It is expected that the size of the placing would be US$250 million and the issue price
would be HK$11.61 and HK$12 per Share. The placing shares will not be placed to any
connected persons of the company.
The company intends to use 70% of the net proceeds in mergers and acquisitions; and 30%
in technologies investment, urban services and value-added services. (RC)
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