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.
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