Golden Power Proposes HKD 13.6 Million Rights Issue to Repay Bank Facilities
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