BRIEF-Honghua group entered into placing agreement to place 508 million shares

April 11 (Reuters) - Honghua Group Ltd:

* Entered into placing agreement with shenwan

* Gross proceeds from issue of placing shares, if fully

placed, will be approximately hk$391.16 million

* Honghua group ltd- shenwan has agreed to place up to 508

million shares, on a best effort basis, at a price of hk$0.77

per share

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