February 22, 2017 / 3:04 PM / 5 months ago

BRIEF-China Wah Yan Healthcare says New Ray Medicine to raise HK$330 mln by rights issue

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Feb 22 (Reuters) - China Wah Yan Healthcare Ltd

* New Ray Medicine proposes to raise fund by way of rights issue of 3 New Ray Medicine rights shares for every 1 share of New Ray Medicine

* Net proceeds from New Ray Medicine rights issue is estimated to be approximately HK$330 million

* Rights issue for subscription price of HK$0.275 per New Ray Medicine rights share Source text for Eikon: Further company coverage:

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