Brief: Reach New Proposes Increase In Share Capital To HK$200 Million
04/09/2026 16:41
BRIEF-Reach New Proposes Increase In Share Capital To HK$200 Million Sept 4 (Reuters) - Reach New Holdings Ltd 8471.HK:
PROPOSES INCREASE IN AUTHORISED SHARE CAPITAL TO HK$200 MILLION
PROPOSES RIGHTS ISSUE OF 3 RIGHTS SHARES FOR EACH SHARE HELD
TO RAISE UP TO HK$44.1 MILLION VIA RIGHTS ISSUE
SUBSCRIPTION PRICE FOR RIGHTS SHARES SET AT HK$0.2 PER SHARE
MAXIMUM NET PROCEEDS FROM RIGHTS ISSUE ESTIMATED AT HK$43.1 MILLION
Further company coverage: 8471.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Reach New Holdings
See all newsBrief: Reach New Proposes Increase In Share Capital To HK$200 Million
Hong Kong's Reach New Holdings H1 revenue rises on higher printed products, woven label sales
Brief: Reach New Holdings Proposes Share Consolidation Of 20 Shares Into 1 Share
Brief: Reach New To Place Up To 245.2 Million New Shares
Brief: Reach New Says Unit To Buy 24% Stake In Hengda Yongjin Agricultural High Technology