Guotai Junan eyes HK$3.8bn rights issue

By Jonathan Breen
15 Jan 2020

Guotai Junan International Holdings is planning a rights issue of new shares as it looks to raise up to HK$3.75bn ($482.3m).

The firm is aiming to sell between 1.9bn and 2.6bn rights shares, according to a filing with the Hong Kong Stock Exchange. The new stock would represent 19.92% to 25% of Guotai’s enlarged equity capital.

The transaction will be on a basis of one rights share for every ...

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