Hongkong intends to build housing loans 16 million 680 thousand stake in Taiwan LED Enterprises

Fu financial news, Hongkong housing loans (00145) announced that the placement of up to a total of 24 million shares, accounting for about 1.27% of the enlarged share capital, with the price of 0.89 yuan per share, compared to yesterday's closing price of 0.92 yuan discount of approximately 3.26%, estimated net proceeds will be approximately 20 million 550 thousand yuan (about 16 million 684 thousand and 600 yuan), intended for the day after the opportunity when it comes to the possible general working capital investment matters and group. The company has also raised at the end of July allotment net 42 million 900 thousand yuan (about 34 million 830 thousand and 500 yuan). In addition, the Hongkong housing loans announced, will acquire listed in Taiwan auspicious worldwide industrial 9.45% equity shares, the price of NT $82 million 200 thousand yuan (about HK $20 million 100 thousand, about 16 million 319 thousand and 200 yuan)). Target Corp is engaged in the media and pre recorded media trading business, its customers are located in Taiwan, Southeast Asia and japan. In addition, it is engaged in providing LED lighting solutions. The LED business is in the expansion phase, and Target Corp has completed the development of LED products and has begun to produce.

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