Brief: Contel Technology Announces Proposed Rights Issue On Basis Of 2 Rights Shares For Every 5 Existing Shares
Nov 14 (Reuters) - Contel Technology Co Ltd 1912.HK :
* PROPOSED RIGHTS ISSUE ON BASIS OF 2 RIGHTS SHARES FOR
EVERY 5
EXISTING SHARES
* RIGHTS ISSUE AT HK$0.063 PER RIGHTS SHARE
* INTENDS TO USE NET PROCEEDS FROM RIGHTS ISSUE TO FINANCE
REVOLVING PURCHASE PAYMENT FOR ITS PURCHASES OF ICS, AMONG
OTHERS
Further company coverage: 1912.HK
((Reuters.Briefs@thomsonreuters.com;))
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