HK-listed EEKA Fashion at near 2-1/2-month high on share sale to repay debt

EEKA Fashion Holdings

03/05/2021 07:28

** Shares of China's ladies-wear designer and distributor
EEKA Fashion Holdings Ltd  3709.HK  rise as much as 8.3% to
HK$11.94, their highest since Feb 22     
    ** Stock, which is set for a seventh consecutive session of
gains, on track for best day since April 26
    ** Co plans sale of 19 mln new shares to controlling
shareholder Koradior Investments Ltd at HK$10.50 each, or 4.72%
discount, to Friday's close, raising HK$199.5 mln ($25.69 mln)
to repay debt and for working capital  urn:newsml:reuters.com:*:nFWN2MN0OM
    ** Koradior will buy the new shares on completion of sale of
the same amount of the existing shares at the same price to
third-party investors
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 1.1%
    ** The Hang Seng China enterprises index  .HSCE  falls 1.2%,
and the benchmark index  .HSI  drops 1.5%
    ** As of previous, stock down 22.9% this year

    ($1 = 7.7667 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)