Brief: Lai Sun Development Proposes Rights Issue
10/11/2022 15:06
Nov 10 (Reuters) - Lai Sun Development Co Ltd 0488.HK :
* PROPOSED RIGHTS ISSUE ON BASIS OF 1 RIGHTS SHARE FOR EVERY
2
EXISTING SHARES HELD ON RECORD DATE
* SUBSCRIPTION PRICE OF HK$1.64 PER RIGHTS SHARE
* INTENDS TO APPLY NET PROCEEDS FROM RIGHTS ISSUE FOR
REPAYMENT OF
OUTSTANDING BANKING FACILITIES OF GROUP
Source text for Eikon: ID:nHKSc5FHr8
Further company coverage: 0488.HK
((Reuters.Briefs@thomsonreuters.com;))
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