Companies

China State Construction plans rights issue

(Agencies)
Updated: 2011-03-18 17:34

China State Construction is planning a rights issue to raise at least HK$3.6 billion ($460 million), the company said in a statement on Friday.

China State Construction plans to issue 597.4 million rights shares on the basis of one rights share for every five existing shares at HK$6.0 each, a discount of 16.7 percent to Thursday's closing price of HK$7.20.