Wing Tai To Raise $148m With Rights Issue

Source : The Business Times, November 6, 2007

Property firm Wing Tai Holdings said on Tuesday that it will sell about 72.2 million rights shares at $2.05 each, raising about $148 million (US$102 million).

The firm said in an offer statement lodged with the Monetary Authority of Singapore that it will issue one rights share for every ten shares held by its shareholders. --REUTERS