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Far East Holding (00036.HK) after the merger "one supply two" raised a maximum of 72.75 million yuan.
fe hldgs intl (00036.HK) announced a proposed stock consolidation of 10 to 1, followed by a one-for-two rights issue, issuing up to 0.217 billion shares; the rights issue price is 0.334 yuan, a discount of 35.77% compared to the theoretical closing price on the previous trading day (11th). The fundraising amount is up to 72.75 million yuan, estimated net proceeds of 69.55 million yuan, intended for general operating funds.
fe hldgs intl (00036.HK) proposes a '10 to 1' consolidation of shares and a '1 for 2' rights issue.
Gronghui November 11th | Fe Hldgs Intl (00036.HK) announced that the board of directors proposed to implement a stock consolidation by merging every 10 shares of existing shares issued into 1 share of merged shares. After the stock consolidation takes effect, the board of directors proposed to change the trading unit on the HKEX from 3,000 shares of existing shares to 6,000 shares of merged shares per board lot. The company proposes a basis of receiving 2 rights shares for every 1 share of merged shares held on the record date, and to issue up to approximately 0.218 billion rights shares at a subscription price of HK$0.334 per rights share, raising up to approximately HK$72.75 million in proceeds.
FE HLDGS INTL: INTERIM REPORT 2024
FE HLDGS INTL: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Far East Holdings to Widen Loss in H1
Fe hldgs intl (00036.HK) expects its mid-term losses to expand to 0.507 billion yuan according to the profit warning.
Fe hldgs intl (00036.HK) issued a profit warning, expecting a loss of not less than 507 million yuan in the six months ending in June, compared to a profit of 18 million yuan in the same period last year. The expected loss is mainly due to fair value losses on investment properties and increased financing costs.
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