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National Investments Fund Ltd Announces Proposed Rights Issue


Monday, 18 Nov 2013 07:14am EST 

National Investments Fund Ltd announced that the Board proposed to raise approximately HKD99.50 million before expenses (assuming no issue of new Shares or repurchase of Shares on or before the Record Date) to approximately HKD111.84 million before expenses (assuming no repurchase of Shares; and the subscription rights attaching to the Outstanding Options and the Outstanding Warrants are fully exercised on or before the Record Date) by issuing not less than 995,022,471 new Shares and not more than 1,118,431,674 new Shares to the Qualifying Shareholders by way of the Rights Issue at a subscription price of HKD0.10 per Rights Share on the basis of three Rights Shares for every Share held on the Record Date. The Rights Issue will not be available to the Non-Qualifying Shareholders. The estimated net proceeds of the Rights Issue will be approximately HKD91.96 million (assuming no issue of new Shares or repurchase of Shares on or before the Record Date) to approximately HKD104.30 million (assuming no repurchase of Shares; and the subscription rights attaching to the Outstanding Options and the Outstanding Warrants are fully exercised on or before the Record Date). The Company intends to apply the net proceeds from the Rights Issue for future investments pursuant to the investment objectives of the Company and general working capital of the Group. 

Company Quote

0.63
-0.01 -1.56%
27 Mar 2015