IRC (HK:1029) has released an update.
IRC Company has announced a proposed rights issue, aiming to raise approximately HK$362.1 million by offering new shares to existing shareholders at a price of HK$0.085 per share. The rights issue will be conducted on a non-underwritten basis, with no minimum subscription level, and is backed by a commitment from major shareholder Axioma Capital to take up its full entitlement. This move provides an opportunity for current investors to expand their holdings at a discounted rate.
For further insights into HK:1029 stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
