Easyknit raises over HK$50 mln via rights issue with 9.64% discount

Easyknit International Holdings (1218) announced to raise HK$55.15 mln through issuing 367.7 mln rights shares on a proportion of 1-for-2 at HK$0.15 each, 9.64% discount to the closing price of HK$0.166 before suspension. HK$30 mln would be used for repaying the debts and HK$20 mln would be invested in the property, which were still in development and the rest would be used for operation capital.

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