BRIEF-Amax International Announces Placing Of Existing Shares And New Shares

July 24 (Reuters) - Amax International Holdings Ltd :

* CHAIRMAN OF CO TO SELL, 39MLN EXISTING PLACING SHARES AT PLACING PRICE OF HK$0.238 PER PLACING SHARE TO NOT LESS THAN SIX PLACEES

* NET PROCEEDS FROM SUBSCRIPTION WILL AMOUNT TO ABOUT HK$9.09 MILLION

* CHAIRMAN TO SUBSCRIBE FOR UP TO 39 MILLION NEW SUBSCRIPTION SHARES AT SUBSCRIPTION PRICE OF HK$0.238 PER SUBSCRIPTION SHARE Source (https://bit.ly/2LlzotG) Further company coverage: