[ET Net News Agency, 17 April 2015] National United Resources Holdings (00254) said it
agreed to place 500 million new shares to Yue Xiu Great China Fixed Income Fund III LP and
100 million new shares to Cai XuWen at HK$0.262 apiece, representing a discount of about
19.38% to the closing price of HK$0.325.
The subscription shares represent about 16.36% of the enlarged issued share capital of
NUR Holdings.
The estimated net proceeds of about HK$157 million will be used as to about HK$56
million for settlement of debt and related interests; about HK$81 million for settlement
of the first tranche consideration in the acquisition of 56.1 million shares of SouthGobi
Resources (01878); and about HK$20.17 million as general working capital of the Group.
(HL)