Huatai Group (08238.HK) plans to conduct a "1-for-3" rights issue, with a net fundraising of approximately HK$49.44 million.

Wisdom Financial News APP News, Huie Group (08238.HK) announced that the company plans to issue up to 261 million new shares at a subscription price of HK$0.20 per share through a rights issue, with a ratio of 3 new shares for every 1 share held by eligible shareholders on the record date. This will raise up to approximately HK$52.25 million (before expenses). The estimated net proceeds from the rights issue will be approximately HK$49.44 million. The rights issue will be non-underwritten, and will not be offered to shareholders who are excluded. There will be no additional application arrangements for the rights issue. The subscription price represents a discount of approximately 6.98% to the closing price of HK$0.215 per share on the last trading day on the Stock Exchange of Hong Kong.