Brief: China New Economy Fund announces rights issue, share capital increase

CAI

04/11/2016 14:22

Nov 4 (Reuters) - China New Economy Fund Ltd  0080.HK - 
    * Proposes to raise approximately HK$166.9 million by way of 
rights issue 
    * Estimated net proceeds from rights issue will be 
approximately HK$159 million 
    * Proposes to increase company's authorised share capital 
from HK$200 million divided into 400 million shares to HK$1 
billion divided into 2 billion shares 
    * Rights issue of 333.8 million rights shares at 
subscription price of HK$0.50 per rights share 
 
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