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India

Shanghai Prime Machinery Co Ltd (2345.HK)

2345.HK on Hong Kong Stock

1.19HKD
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Latest Key Developments (Source: Significant Developments)

Shanghai Prime Machinery Co Proposes Share Rights Issue
Thursday, 21 Jun 2018 

June 21 (Reuters) - Shanghai Prime Machinery Co Ltd <2345.HK>::PROPOSES SHARE RIGHTS ISSUE OF 151.9 MILLION H SHARES, ON BASIS OF ONE H SHARE FOR EVERY 5 H SHARES AT HK$1.30 PER H RIGHTS.RIGHTS ISSUE WILL RAISE NET PROCEEDS IN AN AGGREGATE AMOUNT OF ABOUT HK$366 MILLION.ALSO PROPOSES RIGHTS ISSUE OF 135.7 MILLION DOMESTIC SHARES, ON BASIS OF 1 FOR EVERY 5 SHARES AT RMB1.07 PER DOMESTIC RIGHTS SHARE.  Full Article