Sun Hung Kai Properties

SHK eyes $25.2m from issue

PUBLISHED : Monday, 26 April, 1999, 12:00am
UPDATED : Monday, 26 April, 1999, 12:00am

Singapore Hong Kong Properties Investment (SHK) is to raise $25.2 million by placing 630 million new shares at 4 cents each. The company said the proceeds would be used to repay bank borrowings and as working capital.