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01030 SEAZEN
RTNominal up1.120 +0.100 (+9.804%)
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14/01/2020 09:03

Seazen (01030) to place shares for HK$2,731 million

[ET Net News Agency, 14 January 2020] Seazen Group Limited (01030) said its placing
agent has agreed to place up to 311 million placing shares at a price of HK$8.78 per
share.
The maximum number of placing shares represent approximately 5.01% of the number of
issued shares of the company as enlarged by the placing. The placing price represents a
discount of approximately 2.98% to the closing price of HK$9.05 per share on 13 January
2020.
The gross proceeds are expected to be approximately HK$2,731 million and the net
proceeds are expected to be approximately HK$2,711 million. The company intends to use all
the estimated net proceeds of the placing for the company's long term business development
and as general working capital of the group. (RC)

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