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China Saite (00153) places 230M shares with 54% premium
12 Jul 2019
(Infocast News) China Saite Group (00153) has agreed to place 230 million shares (representing 8.15% of the company's enlarged issued share capital) to Jiangsu Huami Business Management Co. at HK$0.38 per share, representing a premium of 54.47% to the closing price of HK$0.246 per share on 11 July 2019.

The net proceeds of HK$87.38 million will be used by China Saite Group for repayment of outstanding financial indebtedness.

(WL)
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