Proxy rejects rights issue

PUBLISHED : Saturday, 04 November, 1995, 12:00am
UPDATED : Saturday, 04 November, 1995, 12:00am

IN a first for China, Anshan Trust and Investment shareholders rejected a company plan to sell extra A shares, the Shanghai Securities News reported.

Anshan Trust asked investors to approve a two-for-10 rights share issue, pricing the shares at between 2.8 yuan (about HK$2.60) and 3.5 yuan each.


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