Brief: Kiu Hung International Says Resolved Not To Proceed With Original Capital Reorganisation

AOM International

23/03/2022 12:33

March 23 (Reuters) - Kiu Hung International Holdings Ltd
 0381.HK :
    * RESOLVED NOT TO PROCEED WITH ORIGINAL CAPITAL
REORGANISATION
    * PROPOSES TO IMPLEMENT SHARE CONSOLIDATION FOR EVERY 5
ISSUED AND
UNISSUED SHARES INTO 1 SHARE
    * PROPOSES TO CONDUCT 3 FOR 1 RIGHTS ISSUE TO RAISE UP TO
ABOUT
HK$141.68 MILLION
    * ESTIMATED NET PROCEEDS OF RIGHTS ISSUE WILL BE ABOUT
HK$139.91
MILLION

Source text for Eikon:  ID:nHKS3y1c5V 
Further company coverage:  0381.HK 

 ((Reuters.Briefs@thomsonreuters.com;))