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Oct 16 (Reuters) — Golden Power Group Holdings Ltd: Rights Issue On Basis Of One For Every Two Existing Shares Net Proceeds From Rights Issue Estimated At Hk$12.6 Million Further company coverage: 3919.HK (Reuters.Briefs@thomsonreuters.com;)
Golden Power Group Holdings’ board resolved to pursue a non-underwritten rights issue to raise approximately HKD 13.6 million before expenses. The issue offers 22,686,000 rights shares at HKD 0.6 each, on a one-for-two basis. Estimated net proceeds include HKD 11.3 million for bank facility repayments and HKD 1.3 milli