KWAN ON HLDGS offers a 2-for-1 rights issue at HKD 0.07 per share, raising up to HKD 65.42 million
KWAN ON HLDGS (01559.HK) announced a proposed rights issue to issue up to 934 million shares; the subscription price is HKD 0.07, a discount of 17.65% compared to today's (26th) closing price. The maximum fundraising amount is HKD 65.42 million, with a net amount of HKD 63.62 million, of which 70.7% is intended for repaying the group's debts; 15.7% for developing existing businesses; and the remainder for general working capital
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