Brief: Tsc Group Holdings Proposes To Implement Rights Issue

CM Energy Tech

08/11/2018 15:10

Nov 8 (Reuters) - TSC Group Holdings Ltd  0206.HK :
    * PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF ONE RIGHTS
SHARE
FOR EVERY ONE SHARE HK$0.45 PER RIGHTS SHARE
    * PROPOSES TO RAISE GROSS PROCEEDS OF UP TO ABOUT  HK$662.92
MILLION BEFORE EXPENSES BY WAY OF ISSUE OF UP TO 1.47 BILLION
RIGHTS SHARES
    * PRIME FORCE ALSO INDICATED THAT IT MAY SUBSCRIBE FOR OR
PROCURE
SUBSCRIPTION OF AN ADDITION OF 119 MILLION RIGHTS SHARES

Source text for Eikon:  ID:nHKS1HHspb 
Further company coverage:  0206.HK 

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