IRC discount 16.39% second supply one maximum fundraising of 326 million yuan
IRC (01029.HK) announced a proposed rights issue, issuing 638 million shares; the subscription price is HKD 0.51, a discount of 16.39% compared to the last trading day (24th). The maximum fundraising amount is HKD 326 million, with a net amount of HKD 324 million intended for repaying the principal of loans payable to MIC; allocating to K&S's mining business; and supplementing general working capital
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