Brief: Jinhui Shipping and Transportation to carry out rights issue

Jinhui Shipping and Transportation

03/07/2017 10:53

July 3 (Reuters) - JINHUI SHIPPING AND TRANSPORTATION LTD 
 JINS.OL  
    * RESOLVED TO CARRY OUT RIGHTS ISSUE RAISING UP TO NOK 
201,708,816 IN GROSS PROCEEDS 
    * ISSUANCE OF UP TO 25,213,602 NEW SHARES IN RIGHTS ISSUE AT 
A SUBSCRIPTION PRICE OF NOK 8.00 PER SHARE 
    * RIGHTS ISSUE PRE-SUBSCRIBED BY MAIN SHAREHOLDER FOR NOK 
110.5 MILLION 
    * NET PROCEEDS FROM RIGHTS ISSUE WILL BE USED FOR GENERAL 
CORPORATE PURPOSES 
    * SUBSCRIPTION PERIOD FOR RIGHTS ISSUE IS EXPECTED TO START 
ON OR ABOUT 7 JULY 2017 AND END AT 16:30 CET ON OR ABOUT 21 JULY 
2017 
 
Source text for Eikon:  ID:nObi8dpDba  
Further company coverage:  JINS.OL  
 
 (Gdynia Newsroom) 
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