MiLOC Group Limited - Placing
RNS Number : 7488P
MiLOC Group Limited
21 August 2014
 

21 August 2014

 

MiLOC GROUP LIMITED

 

      PLACING

 

 

MiLOC Group Limited ("MiLOC" or the "Company") is pleased to announce that it has today entered into agreements to raise approximately HKD$2,195,780 (or approximately £168,233 before expenses) through a placing (the "Placing") of 590,292 new ordinary shares of US$0.001 each in the share capital of the Company (the "Placing Shares"). The Placing Shares have been placed at the current share price of 28.5p per share (the "Placing Price") to the following new investors:

 

Investor

 

Number of shares

Individual Private Investors

 

52,632 Placing Shares

 

 

Truly Million Limited (a company incorporated in Hong Kong)

 

537,660 Placing Shares

 

 

The Placing proceeds will be used for general working capital purposes.

 

The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.  Following completion of the Placing and the other placings previously announced on 21 July 2014 and 19 August 2014, which are all expected to occur on 15 September 2014, there will be a total of 65,269,041 ordinary shares of the Company in issue. 

 

 

For further information, please contact:-

 

ONG Ban Poh Michael - Chief Executive Officer, MiLOC Tel: +852 2110 4221

Ronnie CHOI - Chief Financial Officer, MiLOC Tel: +852 2110 4221

Maureen Tai - Corporate adviser, Grant Thornton UK LLP Tel: +852 3987 1401

Jamie Barklem - Corporate adviser, Grant Thornton UK LLP Tel: +44 (0) 20 7865 2692

 


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