Brief: Golden Power Group proposes to raise HK$32 million by issuing rights shares

Golden Power group

21/02/2017 24:01

Feb 21 (Reuters) - Golden Power Group Holdings Ltd 
 8038.HK - 
    * Company proposes to raise approximately hk$32 million, 
before expenses, by issuing 80 million rights shares 
    * Rights issue at subscription price of hk$0.4 per rights 
share 
    * Net proceeds from rights issue after deducting estimated 
expenses in relation to rights issue are estimated to be 
approximately hk$31 million 
 
Source text for Eikon:  ID:nHKS2L4BQS  
Further company coverage:  8038.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))