[ET Net News Agency, 19 November 2019] Synergy Group Holdings International Limited
(01539) said its placing agent has conditionally agreed to procure, on a best effort
basis, independent placees to subscribe in cash for the bonds in an aggregate principal
amount of up to HK$60 million during the placing period. The interest is 10% per annum.
Assuming the bonds are placed in full, the maximum gross proceeds from the placing will
be up to HK$60 million. The maximum net proceeds are estimated to be approximately
HK$59.37 million. The net proceeds from the issue of the bonds will be utilised as the
general working capital of the group. (RC)