Zhengwei Group Holdings (HKG:2147) proposed a non-underwritten 6-for-1 rights issue of up to 403.2 million shares at HK$0.40 each.
The company expects to raise net proceeds of about HK$160.4 million through the rights issue, according to a Thursday Hong Kong bourse filing. Net proceeds will be used to pay advertising fees and staff salaries.
The record date for the issue is Sept. 17.
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