Easyhold Group (HKG:1703) plans to raise up to HK$69 million through a one-for-one rights issue of up to 138 million new shares at HK$0.50 each.
The company will offer one rights share for every one existing share held by qualifying shareholders, with the record date expected on Sept. 24, according to a Hong Kong bourse filing.
The proceeds will be used mainly to repay a shareholder loan, fund the expansion of its catering network in China, and support general working capital.