Hong Leong moots $146m cash call for new plant

Singapore adobe stock AS 230x150
By John Loh
04 Oct 2018

Singapore-listed Hong Leong Asia plans to raise S$202.3m ($146.3m) from a rights offering to help pay for a land acquisition in the city-state.

The renounceable non-underwritten rights issue will consist of up to 374.7m shares to be sold at S$0.54 apiece, according to a stock exchange filing on Wednesday. The shares will be issued on the basis of one rights share for every one existing share in the company.  

The issuer ...

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