BRIEF-Tech Pro Technology Development intends to place 489.4 mln shares at price of hk$0.128

April 3 (Reuters) - Tech Pro Technology Development Ltd


* Tech pro technology development ltd- net proceeds

estimated at hk$60.5 million, after deduction of relevant

expenses of hk$2.1 million

* Entered into placing agreement with placing agent

* Third parties to subscribe for up to 489.4 million placing

shares at placing price of hk$0.128 per placing share.

* Placing agent agrees to procure not less than six placees

whose ultimate owners shall be independent third parties

* Co intends to apply approximately hk$30 million of net

proceeds from placing to led lighting business

Source text (

Further company coverage: