Global Yellow Pages

Global Yellow Pages: Proposed placement of up to 300m new shares (or a maximum of 15% on enlarged share capital post-rights issue) at $0.07 (31.4% discount on last traded price). The subscriber, Guobuli International Investment, is an investment holding company and subsidiary of Guobuli Group based in Tianjin, China, which owns a chain of well-known fine dining restaurants selling steamed buns. Net proceeds of between $15.2-20.8m will be used to further fund the group's proposed acquisition of the "Gloria Jean's Coffees" and "It's A Grind" brands.