BRIEF-South Ocean Says Looks To Raise 19.7 Mln Rand From Existing Shareholders

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BRIEF-South Ocean Says Looks To Raise 19.7 Mln Rand From Existing Shareholders
Credit: © Reuters.

April 12 (Reuters) - South Ocean Holdings Ltd SOHJ.J :

* COMPANY INTENDS TO RAISE R19.7 MILLION FROM EXISTING SHAREHOLDERS

* RENOUNCEABLE, UNDERWRITTEN RIGHTS OFFER OF 46.9 MILLION SHARES AT A PRICE OF R0.42 PER SHARE

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