TCL Multimedia switches on HK$2bn rights issue

TCL Multimedia Technology Holdings, a Chinese consumer electronics company, is looking to add around HK$2bn ($256m) to its coffers by way of a rights issue, bringing on board BNP Paribas to fully underwrite the transaction.

  • By Rashmi Kumar
  • 28 Nov 2017

The Hong Kong-listed issuer is looking to raise between HK$2.01bn and HK$2.06bn from a one-for-three rights issue that will see it sell approximately 582.2m to 596.4m rights shares. This is equal to around 24.9% of TCL’s enlarged share capital immediately after the cash-call’s completion.

The rights shares ...

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