Zixin Group plans rights-cum-warrants fund raising

The Edge Singapore 05-18

If all warrants are exercised, another $26 million in gross proceeds will be raisedZixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2436341481?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-18 01:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2436341481","market":"us","top_or_hot":-1,"title":"Zixin Group plans rights-cum-warrants fund raising","media":"The Edge Singapore ","content":"<div>\n<p>If all warrants are exercised, another $26 million in gross proceeds will be raisedZixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zixin Group plans rights-cum-warrants fund raising</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZixin Group plans rights-cum-warrants fund raising\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-18 01:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>The Edge Singapore </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If all warrants are exercised, another $26 million in gross proceeds will be raisedZixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"42W.SI","symbol_name":"紫心集团控股有限公司","start_time":0,"source_url":"https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2436341481","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436341481","pubTimestamp":1715968279,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"If all warrants are exercised, another $26 million in gross proceeds will be raised","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"42W.SI":"紫心集团控股有限公司","BK6114":"包装食品与肉类","BK6509":"食品和饮料股"},"translate_title":"紫鑫集团计划配股暨认股权证集资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"42W.SI":1},"content_text":"If all warrants are exercised, another $26 million in gross proceeds will be raisedZixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1 million from a rights issue. \nThe rights shares will also come with additional free warrants. If the warrants are fully exercised, the company expects gross proceeds of another $26 million.\nThe rights shares are priced at 1.65 cents each, and 1 rights share will be offered for each ten existing shares held.\nRights subscribers will receive four warrants for each rights share taken up. The warrants come with an exercise price of 4.5 cents.\nUp to a total of nearly 144.5 million new rights shares, and up to just over 577.9 million warrants will be issued.\n \nThe rights shares are priced at a discount of around 23.3% to the theoretical ex-rights price of 2.15 cents which is the last traded price of Zixin shares, on March 27.\nThis equity raising will not be underwritten.\nWith the new funding, Zixin wants to expand its processing and R&D capacity and also expand its network of suppliers, and to also fund joint ventures and partnerships.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436341481"}