FDB Holdings Eyes HK$79.1 Million from Rights Issue

MT Newswires Live

Jun 01

FDB Holdings (HKG:1826) is proposing a one-for-two rights share issue to raise up to around HK$79.1 million in net proceeds, according to a May 29 Hong Kong bourse filing.

Shares of the contracting services firm were up nearly 4% in Monday afternoon trading.

The firm is looking to issue 799.2 million shares at HK$0.10 apiece to qualifying shareholders under the issue.

The company will use proceeds to fulfill the upfront payments and costs related to certain overseas expansion, EPC projects, and setting up overseas offices; as well as for general working capital.

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as well as for general working capital.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1148","symbol_name":"建筑与工程","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2640931329","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640931329","pubTimestamp":1780299799,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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