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KNT Holdings Delays Rights Issue Circular Dispatch
KNT Holdings Strengthens Board With New Director Appointments
KNT Holdings Limited Unveils Board and Committees
KNT HOLDINGS (01025.HK) at HKD 0.29 per share "one supply, three returns" raising up to 44 million.
KNT HOLDINGS (01025.HK) announced a proposed rights issue on the basis of one for three, issuing up to 0.1516 billion shares; the rights issue price is 0.29 yuan, which represents a 9.38% discount to the last trading day's closing price (10th). The maximum funds to be raised are 44 million yuan, with a net amount of 41.6 million yuan intended for investment in potential opportunities in Southeast Asia; repayment of debts; and general working capital.
KNT Holdings Announces HK$44 Million Rights Issue
KNT HOLDINGS (01025) plans to conduct a rights issue based on a "1 for 3" ratio, with a maximum net raising of approximately 41.6 million Hong Kong dollars.
KNT HOLDINGS (01025) announced that the company proposes to distribute 3 shares for every share held as of the record date through a rights issue.