Crocodile Garments Limited Announces HK$53.3 Million Rights Issue
Crocodile Garments Limited (HK:0122) has announced a rights issue to raise approximately HK$53.3 million by offering new shares to existing shareholders. This initiative aims to strengthen the company's financial position and does not require shareholder approval, complying with Hong Kong's listing rules. The rights issue is non-underwritten, ensuring it proceeds regardless of shareholder participation. Chairman and CEO Ms. Lam will subscribe to her full entitlement of rights shares. The company, focused on the garment industry, has a current market cap of HK$137.2 million.
An announcement from Crocodile Garments Limited ( (HK:0122) ) is now available.
Crocodile Garments Limited has announced a proposed rights issue to raise approximately HK$53.3 million by offering new shares to existing shareholders. The initiative aims to strengthen the company’s financial position without requiring shareholder approval, as it complies with Hong Kong’s listing rules. The rights issue is non-underwritten, meaning it will proceed regardless of the level of shareholder participation, and Ms. Lam, the company’s Chairman and CEO, has committed to subscribing to her full entitlement of rights shares.
More about Crocodile Garments Limited
Crocodile Garments Limited is a company incorporated in Hong Kong, primarily involved in the garment industry. It focuses on the production and sale of clothing items.
Average Trading Volume: 23,189
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$137.2M
