Investment holding firm FDB (HKG:1826) plans to raise up to about HK$79.9 million through a one-for-two rights issue of up to 799.2 million shares at HK$0.10 each.
The issue will be offered to qualifying shareholders of record on July 6, according to a Hong Kong stock exchange filing.
Net proceeds will be used to support overseas EPC projects, project execution costs, staffing expansion, overseas offices and general working capital.
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