HKG:2350

2 stories mentioning HKG:2350Updated 52d ago

Every FINWIRES story that references HKG:2350, newest first.

MTT Group to Raise HK$69 Million via Rights Offering

MTT Group (HKG:2350) said it was seeking to raise HK$68.8 million via a rights offering, according to a Tuesday filing with the Hong Kong bourse.The information technology company's shares fell over 10% in late morning trade Wednesday.The firm plans to offer eligible investors 2 rights shares for every five stocks held in the company. The rights shares will be priced at HK$0.275 each and investors will be offered allotments from a total pool of 250 million shares.Unsold shares will be offered to new investors.The firm will use proceeds from the offering to expand its business.

HKG:2350

Asia53d ago

Winding-Up Petition Against MTT Group Unit Dismissed

MTT Group (HKG:2350) said a winding-up petition against its Tritech Distribution unit was dismissed following a sealed order filed with the Hong Kong High Court, according to a Tuesday bourse filing.The parties had reached a settlement related to the petition, which was filed over the alleged non-repayment of $45 million in outstanding invoices from Conversant Solution, in March.

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