Chew Fook Aun, deputy chairman of Lai Sun Garment, said the company chose a rights issue to raise HK$215 million as securing a bank loan or bond-placing would pose difficulties. Photo: May Tse
Small-cap developers face risks as need for rights issues grow
Shares likely to be diluted in fundraising as offering new shares to stockholders increasingly becomes the only option, analysts say
Chew Fook Aun, deputy chairman of Lai Sun Garment, said the company chose a rights issue to raise HK$215 million as securing a bank loan or bond-placing would pose difficulties. Photo: May Tse