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7 months ago
BRIEF-New Ray Medicine International Holding announces rights issue
December 9, 2016 / 2:44 PM / 7 months ago

BRIEF-New Ray Medicine International Holding announces rights issue

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Dec 9 (Reuters) - New Ray Medicine International Holding Ltd :

* Co proposes, to raise hk$343.6 million by issuing 1.25 billion rights shares at subscription price of hk$0.275 per rights

* Estimated net proceeds of rights issue will be approximately hk$330 million

* Share on basis of three rights shares for every one share in issue held by qualifying shareholders on record date

* Company and nuada limited entered into underwriting agreement

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