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Founder Technology plans to raise $167m in rights offer

2010-06-29 12:59

Founder Technology Group Corp aims to raise as much as 1.14 billion yuan ($167 million) in a rights offer.

The Chinese computer products maker will offer a total of 517.9 million shares, or 3 shares for every 10 shares held by shareholders, for 2.2 yuan apiece.

Founder Technology made the announcement in a statement to the Shanghai Stock Exchange.

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