BRIEF-Guan Chao Proposes Rights Issue
In this article:
July 12 (Reuters) - Guan Chao Holdings Ltd:
* TO RAISE GROSS PROCEEDS OF UP TO HK$172.8 MILLION BEFORE EXPENSES BY WAY OF RIGHTS ISSUE OF 432 MILLION RIGHTS SHARES AT HK$0.40 PER SHARE
* RIGHTS ISSUE ON BASIS OF 4 RIGHTS SHARES FOR EVERY 1 SHARE HELD Further company coverage: