WORLD SUPER Plans 23.46% Premium “1-for-3” Rights Issue to Raise Up to Approximately HKD 29.08 Million

Deep News

Oct 20

WORLD SUPER (08612) has announced its intention to issue up to approximately 311 million rights shares on a “1-for-3” basis at a price of HKD 0.1 per share, representing a premium of approximately 23.46% over the closing price of HKD 0.081 per share reported on the last trading day on the Hong Kong Stock Exchange. The rights issue aims to raise up to approximately HKD 31.1 million, with a net amount of about HKD 29.08 million expected. Approximately 58.46% of the funds will be used to repay the group’s loans and trade and other payables, around 31.54% will support upcoming projects and the purchase of new factories and equipment, and about 10.00% is planned for the group’s general working capital.

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