Kiu Hung to issue bonus warrants at $0.7

Kiu Hung International Holdings Limited (0381) proposed a bonus share issue on the basis of one bonus share for every share held by the shareholders and a bonus warrant issue on the basis of one warrant for every five shares held by the shareholders. The bonus warrants will expire on 7 October, 2003. The subscription price of the warrants of $0.7 has a 47.4% discount compared with

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