Far East Holdings International Ltd. (HK:0036) has released an update.
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Far East Holdings International Ltd. has announced a proposed share consolidation, changing every ten existing shares into one consolidated share, and a change in board lot size to 6,000 consolidated shares. Additionally, the company plans a rights issue to raise approximately HK$72.75 million, offering two rights shares for every consolidated share held. The proceeds are intended for general working capital, including loan repayment.
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