Brief: Lai Group Proposes Share Consolidation
BRIEF-Lai Group Proposes Share Consolidation Oct 7 (Reuters) - Lai Group Holding Co Ltd 8455.HK:
PROPOSES SHARE CONSOLIDATION OF 20 SHARES INTO 1 AT HK$0.20 PAR VALUE
TO SUBDIVIDE EACH UNISSUED SHARE INTO 20 ADJUSTED SHARES AT HK$0.01 PAR VALUE
PROPOSES RIGHTS ISSUE OF 2 SHARES FOR 1 AT HK$0.34 PER SHARE
RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF HK$32.6 MILLION
Further company coverage: 8455.HK
((Reuters.Briefs@thomsonreuters.com;))
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