Min Xin seeks $107m in equity to repay loans

Min Xin Holdings is looking to raise HK$827m ($107m) via a rights issue to pay down bank borrowings, according to a filing made after markets closed last Friday.

  • By John Loh
  • 20 Mar 2017

The fundraising will involve 137.8m rights shares sold at HK$6 apiece. The entitlement is three rights shares for 10 existing shares.

The pricing gives the trade a discount of 11.37% to Min Xin’s last quoted price last Thursday of HK$6.77, and a discount of 8.98% to the theoretical ...

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