Brief: Future World Financial Proposes To Implement Share Consolidation

Future World Holdings

22/05/2020 16:05

May 22 (Reuters) - Future World Financial Holdings Ltd
 0572.HK :
    * FUTURE WORLD FINANCIAL- PROPOSES TO IMPLEMENT SHARE
CONSOLIDATION OF 20 EXISTING SHARES BE CONSOLIDATED INTO  1
CONSOLIDATED SHARE
    * FUTURE WORLD FINANCIAL- MAXIMUM NET PROCEEDS FROM RIGHTS
ISSUE
AFTER DEDUCTING EXPENSES ESTIMATED TO BE ABOUT HK$51 MILLION
    * FUTURE WORLD FINANCIAL - CO PROPOSED TO RAISE GROSS
PROCEEDS OF
UP TO ABOUT HK$56.7 MILLION BY WAY OF A RIGHTS ISSUE OF 315.1
MILLION SHARES
    * FUTURE WORLD FINANCIAL-INTENDS TO APPLY NET PROCEEDS FROM
RIGHTS
ISSUE FOR DEVELOPMENT OF INTELLIGENT INDUSTRIAL WELDING ROBOTS
AMONG OTHERS
    * FUTURE WORLD FINANCIAL- PROPOSES RIGHTS ISSUES ON THE
BASIS OF 1
RIGHTS SHARE FOR EVERY 2 CONSOLIDATED SHARES

Source text for Eikon:  ID:nHKS8084pn 
Further company coverage:  0572.HK 

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