Friday, April 07, 2006

Stock News: Mah Wah Holdings 43 mln shares placement at 0.56 sgd!

Man Wah Holdings Ltd, a Hong Kong-based home furniture group, said it will sell 43 mln shares at 0.56 sgd each through a placement. The company said it hopes to raise net proceeds of about 23.18 mln sgd, of which much will be used to fund expansion costs. Man Wah said the placement shares represent about 14.82 pct of the company's present issued share capital.

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