Brief: Finet Group Proposes To Implement Rights Issue Of 1 Rights Share For Every 2 Existing Shares
14/04/2023 24:51
April 14 (Reuters) - Finet Group Ltd 8317.HK :
* PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF ONE RIGHTS
SHARE
FOR EVERY TWO EXISTING SHARES HELD ON RECORD DATE
* GROSS PROCEEDS FROM RIGHTS ISSUE BEFORE SET-OFF IS
EXPECTED TO
BE UP TO APPROXIMATELY HK$33.9 MILLION
* RIGHTS ISSUE AT SUBSCRIPTION PRICE OF HK$0.10 PER RIGHTS
SHARE
* INTENDS TO APPLY NET PROCEEDS FOR EXPANSION OF IR BUSINESS
IN
HONG KONG AND PRC, AMONG OTHERS
Further company coverage: 8317.HK
((Reuters.Briefs@thomsonreuters.com;))
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