Alco Holdings Limited has announced a proposed capital reorganisation and rights issue. The company plans to consolidate every ten existing shares into one consolidated share, effectively reducing its issued share capital. Additionally, a rights issue will be conducted on a non-underwritten basis, offering four rights shares for every one adjusted share held. The restructuring aims to raise funds for repaying debts and bolstering working capital. The capital reorganisation is subject to certain conditions, and shareholders are advised to exercise caution.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alco Holdings Limited published the original content used to generate this news brief on July 08, 2025, and is solely responsible for the information contained therein.