According to the announcement of hkex, Yuzhou Group proposes to offer 49 shares for every 100 existing shares as the basis for the rights issue, with a subscription price of 0.035 Hong Kong dollars per share, raising up to 0.1122 billion Hong Kong dollars. The net amount raised from the rights issue is expected to be approximately 0.1102 billion Hong Kong dollars. The company plans to use the net proceeds to pay for restructuring support fees, related proposed restructuring expenses, and working capital needs.
禹洲集团建议供股筹集至多1.122亿港元 用于支付重组支持协议费用等
Yuzhou Group proposes to raise up to 0.1122 billion Hong Kong dollars for purposes such as paying restructuring support fees.
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