BRIEF-Weifa launching NOK 100 mln share issue

Mon Aug 18, 2014 1:04am EDT

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Aug 18 (Reuters) - Weifa : * Says offering 158,731,159 new shares at subscription price of NOK 0.63, to raise gross proceeds of NOK 100 million * Says net proceeds from the Rights Issue shall be used to part refinance existing bank loans in Weifa and general corporate purposes * Says subscription period commences on 18 August 2014 and expires on 1 September 2014 at 16:30 CET

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