Football club operator Birmingham hits all-time low on rights issue, H1 loss

Zo Future

01/03/2019 02:19

** Shares of Birmingham Sports Holdings Ltd  2309.HK  fall
as much as 19.3 pct to all-time low at HK$0.071
    ** Co proposes to issue 5.95 billion rights shares in the
proportion of one rights share for every two shares held,
raising HK$297.7 mln ($37.9 mln) to repay debt and for working
capital  urn:newsml:reuters.com:*:nFWN20N170
    ** Football club operator also posts HK$169 mln net loss for
six months ended December, compared with HK$187 mln loss in the
same period a year ago  urn:newsml:reuters.com:*:nFWN20N1BO
    ** Stock down 1.1 pct this year, as of previous close 
    ** Birmingham Sports has underperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 7.6 percentage
points in the past one month
    ** The Hong Kong benchmark index  .HSI  gains 0.3 pct


($1 = 7.8497 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)