RJP issue to proceed

PUBLISHED : Friday, 22 December, 1995, 12:00am
UPDATED : Friday, 22 December, 1995, 12:00am

RJP Electronics has received approval to consolidate shares and to proceed with a rights issue which would yield net proceeds of $86 millionintended to reduce bank borrowings and develop new products. An extraordinary general meeting yesterday approved the plan to convert every five five-cent shares held into one share of 25 cents.


 

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