Brief: Magnus Concordia Group Proposes To Raise Proceeds By Way Of Rights Issue

Magnus Concordia

28/10/2019 15:04

Oct 28 (Reuters) - Magnus Concordia Group Ltd  1172.HK :
    * PROPOSED TO RAISE A GROSS PROCEED OF UP TO ABOUT HK$219
MILLION
BEFORE EXPENSES BY WAY OF RIGHTS ISSUE TO SHAREHOLDERS
    * PROPOSED TO RAISE A GROSS PROCEED OF UP TO ABOUT HK$219
MILLION
BEFORE EXPENSES BY WAY OF RIGHTS ISSUE TO SHAREHOLDERS
    * RIGHTS ISSUE INVOLVES ISSUE OF UP TO 1.99 BILLION RIGHTS
SHARES
AT HK$0.11/RIGHTS SHARE ON ONE RIGHTS SHARE FOR EVERY 2 SHARES

Source text for Eikon:  ID:nHKS5h2rJF 
Further company coverage:  1172.HK 

 ((Reuters.Briefs@thomsonreuters.com;))