A$9.02 million Private Placement
Hong Kong, Feb 4, 2016 AEST (ABN Newswire) - Further to the announcement made on 16 December 2015 regarding the acquisition of Jiangsu Ofpay E-commerce Limited ("Ofpay"), 99 Wuxian Limited (ASX:NNW) ("99 Wuxian" or "the Company") today announces that a placement of 89,658,618 CHESS Depositary Interests (CDIs) was issued to sophisticated investors at an issue price of A$0.10 per CDI to raise a total of A$9.02 million (being the total of RMB40 million plus AUD350,000).
The placement was conducted in accordance with the Company's placement capacity under ASX Listing Rule 7.1 .
About 99 Wuxian Ltd
99 Wuxian Ltd (ASX:NNW) aggregates over 300 million high quality consumers and 155 leading merchants through a marketplace embedded within the mobile apps of China's leading banks, telecommunications and insurance companies. 99 Wuxian enables increased customer satisfaction, loyalty and retention for its business partners by offering consumers the lifestyle convenience of purchasing virtual and physical goods on a mobile device.
99 Wuxian Ltd