Rush for Righteous rights

PUBLISHED : Thursday, 23 September, 1993, 12:00am
UPDATED : Thursday, 23 September, 1993, 12:00am

THE rights issue of Righteous (Holdings) has been oversubscribed, with 573.61 million rights shares applied for.

Goldbells Enterprises has taken up all its provisional allotment under the rights issue. It has also applied for 68.3 million excess rights shares and has been allocated 2.05 million. It has also acquired 21.1 million nil-paid rights shares.

Goldbells holds 29.93 per cent of the enlarged issued share capital of Righteous.