BRIEF-South Ocean To Raise 19.7 Bln Rand

  • Reuters
  • Stock Market News
BRIEF-South Ocean To Raise 19.7 Bln Rand

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

* SOH RESOLVED TO PURSUE NON-RENOUNCEABLE, UNDERWRITTEN RIGHTS OFFER OF 46.9 MLN SHARES AT A PRICE OF R0.42 PER SHARE

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

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