<p>HKC INT'L HOLD (00248.HK) announced a proposed share consolidation of 8 for 1. After it takes effect, a rights issue will be conducted, issuing up to 77.8332 million shares; the rights issue price is HKD 0.28, representing a discount of 25.53% to the theoretical closing price on the last trading day (2nd). The total amount raised is HKD 21.8 million. After deducting the chairman's acceptance of the rights issue to offset shareholder loans of HKD 11.5 million, the net proceeds will be HKD 9.4 million, which is intended mainly for repaying bank loans</p>

00248

<p>HKC INT'L HOLD announced a proposed 8-for-1 share consolidation. After it takes effect, a 2-for-1 rights issue will be conducted, issuing up to 77.8332 million shares; the rights issue price is HKD 0.28, representing a discount of 25.53% to the theoretical closing price on the last trading day (2nd). The total amount raised is HKD 21.8 million. After deducting the chairman's acceptance of the rights issue to offset shareholder loans of HKD 11.5 million, the net proceeds will be HKD 9.4 million, which is intended primarily for repaying bank loans</p>

After the merger of HKC International Holdings, a 2-for-1 rights issue raised HKD 21.8 million