Brief: China Fortune Announces Proposed Capital Reorganisation, Rights Issue

China Fortune Holdings

10/11/2020 15:16

Nov 10 (Reuters) - China Fortune Holdings Ltd  0110.HK :
    * PROPOSES CAPITAL REORGANISATION INVOLVING SHARE
CONSOLIDATION OF
EVERY 10 SHARES OF HK$0.10 INTO 1 CONSOLIDATED SHARE OF HK$1.00
    * PROPOSES TO IMPLEMENT RIGHTS ISSUE FOR 1 RIGHTS SHARE FOR
EVERY
1 ADJUSTED SHARE
    * PROPOSES CAPITAL REORGANISATION VIA SUBDIVISION OF EVERY
AUTHORISED BUT UNISSUED EXISTING SHARE OF HK$0.10 INTO 10
ADJUSTED SHARES
    * RIGHTS ISSUE AT SUBSCRIPTION PRICE OF HK$0.53 PER RIGHTS
SHARE;
ESTIMATED NET PROCEEDS WILL BE UP TO ABOUT HK$47.0 MILLION

Source text https://bit.ly/3ph0Hpl
Further company coverage:  0110.HK 

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