<p>ANCHORSTONE (01592.HK) announced a proposed rights issue of one for four, issuing up to 1.158 billion shares; the rights issue price is HKD 0.105, a discount of 30% compared to today's (14th) closing price. The maximum fundraising amount is HKD 122 million, taking into account the offset of shareholder loans of HKD 57.9 million, with a net amount of HKD 62.5 million intended for repaying overdue bank loans; repaying the remaining shareholder loans; repaying trade and other payables; and general working capital</p>

01592

<p>ANCHORSTONE announced a proposed rights issue of one for four, issuing up to 1.158 billion shares; the rights issue price is HKD 0.105, a discount of 30% compared to today's (14th) closing price. The maximum fundraising amount is HKD 122 million, taking into account the offset of shareholder loans of HKD 57.9 million, with a net amount of HKD 62.5 million intended for repaying overdue bank loans; repaying the remaining shareholder loans; repaying trade and other payables; and general working capital</p>

ANCHORSTONE offered a 30% discount on "one supply, four distributions," netting HKD 62.5 million