China Fishery raises S$348m in rights issue
Enthusiastic response from market.
China Fishery announced the results of the renounceable underwritten rights issue today. At the close of the Rights Issue on 12 April 2013, the Rights Issue was oversubscribed at 127%, raising gross proceeds of S$347.88 million.
The company said that the Rights Shares are expected to be issued on 19 April 2013 and listed and quoted on the Main Board of the SGX-ST with effect from 9.00 a.m. on 22 April 2013. The Company will announce the issuance and listing of the Rights Shares on the SGX-ST in due course.