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Far East Holdings International Ltd. ( (HK:0036) ) has provided an announcement.
Far East Holdings International Ltd. announced the results of its Rights Issue, which offered two rights shares for every one share held. The Rights Issue, which raised approximately HK$72.75 million in gross proceeds, was successfully subscribed at 62.26% initially with the remaining shares placed to independent placees. The company plans to use the proceeds for loan repayment and general working capital, with no net gain distributed to non-participating shareholders.
More about Far East Holdings International Ltd.
Far East Holdings International Ltd. is a company incorporated in Hong Kong, operating in the financial sector. It primarily focuses on investment holdings and related financial services.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €14.45M
For detailed information about 0036 stock, go to TipRanks’ Stock Analysis page.
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