Brief: Lai Sun Development Proposes To Raise Gross Proceeds Of Up To HK$1,165.8 Mln
12/08/2021 11:33
Aug 12 (Reuters) - Lai Sun Development Co Ltd 0488.HK :
* LAI SUN DEVELOPMENT PROPOSES TO RAISE GROSS PROCEEDS OF UP
TO
HK$1,165.8 MILLION BY ISSUE OF 339.9 MILLION RIGHTS SHARES
* LAI SUN DEVELOPMENT - INTENDS TO APPLY NET PROCEEDS FROM
RIGHTS
ISSUE AS TO ABOUT HK$600.0 MILLION FOR REPAYMENT OF CERTAIN BANK
BORROWINGS
Source text for Eikon: ID:nHKS2QZbJP
Further company coverage: 0488.HK
(Reuters.briefs@thomsonreuters.com)
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