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Sincere Watch Hong Kong Ltd proposes rights issue


Thursday, 6 Mar 2014 05:45am EST 

Sincere Watch Hong Kong Ltd:Proposes to raise about HK$122.4 million by way of the rights issue of 204,000,000 rights shares at a subscription price of HK$0.60 per share.It is on the basis of one rights share for every two shares held on the record date.It plans to use the net proceeds of about HK$118.2 million from the rights issue for the development of its existing business, investment opportunities and/or general working capital. 

Company Quote

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