-- FEG Holdings (HKG:1413) said it was looking to raise HK$33.5 million via a rights offering of up to 164 million shares, according to a Hong Kong bourse filing Tuesday.
Shares of the construction services provider fell nearly 7% in Wednesday morning trade.
The firm is offering 1 rights shares for every 2 shares held in the company at HK$0.214 each.
Unsubscribed shares will be offered to external investors.
The rights offering will help raise cash for the company's needs, including for the exploration of new business opportunities.