Brief: Forebase International Proposes To Implement Rights Issue

Times Universal group

29/05/2020 16:03

May 29 (Reuters) - Forebase International Holdings Ltd
 2310.HK :
    * PROPOSES TO IMPLEMENT RIGHTS ISSUE ON BASIS OF 1 RIGHTS
SHARE
FOR EVERY 2 SHARES
    * PROPOSED RIGHTS ISSUE AT SUBSCRIPTION PRICE OF HK$0.145
PER
RIGHTS SHARE TO RAISE UP TO ABOUT HK$52.8 MILLION BEFORE
EXPENSES
    * NET PROCEEDS FROM PROPOSED RIGHTS ISSUE ESTIMATED TO BE
ABOUT
HK$52.0 MILLION

Source text for Eikon:  ID:nHKS6cnCZ0 
Further company coverage:  2310.HK 

 (Reuters.Briefs@thomsonreuters.com)