Shougang Century (HKG:0103) seeks to raise net proceeds of up to HK$158 million from the issue of a maximum of 352,508,727 rights shares, a Tuesday Hong Kong bourse filing said.
The shares will be issued to qualifying shareholders on the basis of three rights shares for every 20 existing shares held at HK$0.455 per rights share.
The steel cord maker will use proceeds from the issue to upgrade its technology, replenish general working capital, and to repay loans and borrowings.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。