<p>CROCODILE (00122.HK) announced a proposed two-for-one rights issue, issuing up to 35.53 million shares; the subscription price is HKD 1.50, a discount of 22.68% compared to today's (22nd) closing price. The maximum fundraising amount is HKD 53.3 million, with a net amount of HKD 51.6 million intended for repaying bank loans and paying interest</p>

00122

<p>CROCODILE announced a proposed rights issue of up to 35.53 million shares; the subscription price is HKD 1.50, representing a discount of 22.68% to today's (22nd) closing price. The maximum fundraising amount is HKD 53.3 million, with a net amount of HKD 51.6 million intended for repaying bank loans and paying interest</p>

CROCODILE offers a 1.5 yuan per share rights issue, raising a maximum of 53.3 million yuan