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

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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
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