JIADING INT-NEW (08153) Proposes 38.78% Discounted Rights Issue at "2 for 1" Basis, Aiming to Raise up to Approximately HKD 6.2 Million
Stock News
Oct 24
JIADING INT-NEW (08153) has proposed a rights issue based on a "2 for 1" ratio, offering 11,555,058 shares at HKD 0.60 each. This represents a 38.78% discount compared to the last trading price of HKD 0.98 per share on the Hong Kong Stock Exchange. The total amount to be raised is expected to be around HKD 6.93 million, with the maximum net proceeds from the rights issue projected to be approximately HKD 6.2 million, which will be used for general operations of its advertising business and general working capital of the group.
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