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Perfectech International Announces HK$48.22 Million Rights Issue

Story Highlights
  • Perfectech International proposes a rights issue to raise HK$48.22 million.
  • The non-underwritten rights issue complies with listing rules and targets qualifying shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Perfectech International Announces HK$48.22 Million Rights Issue

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Perfectech International Holdings Limited ( (HK:0765) ) just unveiled an update.

Perfectech International Holdings Limited has announced a proposed rights issue to raise approximately HK$48.22 million by offering one rights share for every two existing shares at a price of HK$0.295 per rights share. This non-underwritten rights issue is aimed at raising capital without requiring shareholder approval, as it complies with the relevant listing rules and does not significantly dilute existing shares. The rights issue is only available to qualifying shareholders, and any unsubscribed shares will not be issued, reducing the size of the rights issue accordingly.

More about Perfectech International Holdings Limited

Perfectech International Holdings Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company operates in the financial sector, focusing on raising capital through various means, including rights issues.

Average Trading Volume: 71,945

Technical Sentiment Signal: Sell

Current Market Cap: HK$124.2M

See more insights into 0765 stock on TipRanks’ Stock Analysis page.

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