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Colour Life (01778) places 94M shares for $491M
22 Jul 2019
(Infocast News) Colour Life Services Group (01778) has agreed to place a total of 94.105 million shares to Volga Innovation and Qifei International Development at HK$5.22 per share, or HK$491.228 million in total, and intends to apply the proceeds from the share placement for development and general working capital purposes.

The subscription price per share represents a discount of 4.22% to the closing price of HK$5.45 per share on 19 July 2019.

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