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HKT Trust and HKT Ltd announces proposed rights issue

Thursday, 12 Jun 2014 08:24pm EDT 

HKT Trust and HKT:Propose to raise about HK$7,900 mln (about $1,013 mln) before expenses by way of the rights issue.On the basis of 18 rights share stapled units for every 100 existing share stapled units held by qualifying holders of share stapled units on the Record Date, which is June 27.Rights Issue will involve the issue of 1,155,011,542 rights share stapled units at the rights subscription price of HK$6.84 per rights share stapled unit payable in full on application.Estimated net proceeds of the rights issue are about HK$7,784 mln (about $998 mln).HKT Trust and HKT intend to apply the net proceeds of the rights issue to reduce existing indebtedness of the HKT Group. 

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3 Jul 2015