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CITYCHAMP (00256.HK) Proposes 1-for-3 Rights Issue at 31.58% Premium, to Raise Up to HKD145M
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CITYCHAMP (00256.HK) announced a proposed 1-for-3 rights issue, involving the issuance of up to 1.45 billion shares. The subscription price is HKD0.1 per share, representing a premium of 31.58% to today's (5th) closing price.
The company expects to raise gross proceeds of up to HKD145 million, with net proceeds of approximately HKD143 million. About 70% of the net proceeds will be used for debt repayment, while the remaining balance will be allocated as general working capital. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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