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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