Brief: Wuling Motors Proposes To Raise A Total Of About Hk$205.01 Mln

Wuling Motors Holdings

02/01/2020 14:39

Jan 2 (Reuters) - Wuling Motors Holdings Ltd  0305.HK :
    * PROPOSED TO RAISE A TOTAL OF ABOUT HK$205.01 MILLION ON
BASIS OF
ONE 1 RIGHTS SHARE FOR EVERY TWO 2 SHARES HELD
    * PROPOSED RAISE VIA ISSUE OF 1.03 BILLION RIGHTS SHARES AT
SUBSCRIPTION PRICE OF HK$0.20 PER RIGHTS SHARE
    * ESTIMATED NET PROCEEDS FROM RIGHTS ISSUE TO BE USED AS
PARTIAL
REPAYMENT OF ALL OUTSTANDING AMOUNT OF CONVERTIBLE LOAN NOTES

Source text for Eikon:  ID:nHKS16KqwS 
Further company coverage:  0305.HK 

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