Luks Industrial to reduce debt through $64m subscription

PUBLISHED : Friday, 22 August, 1997, 12:00am
UPDATED : Friday, 22 August, 1997, 12:00am

Luks Industrial is to raise a net $64 million to reduce debt through a deal that will see chairman and managing director Luk King-tin and associates place 39 million shares to independent third parties and subscribe for 60 million new shares. The placing and subscription will take place at $1.10.


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