Culiangwang sips on $137m rights issue plan

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Culiangwang sips on $137m rights issue plan

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Panoramic view of Hong Kong skyline. China. | Luciano Mortula/MasterLu - Fotolia

China Culiangwang Beverages is planning to net up to HK$1.059bn ($137m) by way of a two-for-one rights offering, announcing the equity raising just days after selling one of its units to drinks giant Coca-Cola.

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