e-Kong to raise HK$133 million by rights issue

e-Kong Group (0524), which runs a website allowing consumers to save on international telephone services, proposed to raise HK$133 million by way of a rights issue of two rights shares at 4.25 HK cents per rights share for every one existing share and every one convertible preference share held. The company intends to use the net proceeds for general working capital purposes for its service-related businesses, it said. Trading in e-Kong stock will resume today.

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