Shin Hwa World Shareholders to Vote Sept. 16 on Proposed Rights Issue; Shares Jump 2%

MT Newswires Live

08/22

Shareholders of Shin Hwa World (HKG:0582) will meet Sept. 16 to vote on a proposed one-for-one rights issue to raise HK$182.6 million, a late Thursday Hong Kong bourse filing said.

Shares of the resort developer were up 2% in Friday afternoon trading.

The firm intends to issue up to 1,825,740,693 rights shares at a subscription price of HK$0.10 apiece to qualifying shareholders.

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