Rights issue planned for RJP
PUBLISHED : Monday, 20 December, 1999, 12:00am
UPDATED : Monday, 20 December, 1999, 12:00am
RJP Electronics has proposed a two-for-one rights issue to raise about $115 million. The effective price for each share is 8.3 cents. Proceeds will be used mainly to repay loans and develop its e-commerce business.