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Published on 6/30/2011 in the Prospect News PIPE Daily.

RCG Holdings to raise HK$82.2 million via private placement of stock

Thirteen investors buy 82.2 million ordinary shares at HK$1.00 per share

By Devika Patel

Knoxville, Tenn., June 30 - RCG Holdings Ltd. said it arranged an HK$82.2 million private placement of shares.

The company will sell 82.2 million ordinary shares at HK$1.00 per share to 13 investors.

The provider of biometric and RFID products and solution services is based in Hong Kong.

Issuer:RCG Holdings Ltd.
Issue:Ordinary shares
Amount:HK$82.2 million
Shares:82.2 million
Price:HK$1.00
Warrants:No
Pricing date:June 30
Stock symbol:London: RCG
Stock price:7.83p at close June 30
Market capitalization:£33.91 million

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