BRIEF-South Ocean To Raise 19.7 Million Rand

  • Reuters
  • Stock Market News
BRIEF-South Ocean To Raise 19.7 Million Rand
Credit: © Reuters.

April 10 (Reuters) - South Ocean Holdings Ltd SOHJ.J :

* TO PURSUE IMPLEMENTATION OF NON- RENOUNCEABLE, UNDERWRITTEN RIGHTS OFFER OF 47 MLN SHARES AT A PRICE OF R0.42 PER SHARE

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

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