Bacui Technologies International (SGX:YYB) plans a non-renounceable rights issue of up to 3.29 billion shares, offering three shares for every existing ordinary share held, according to a Thursday filing on the Singapore Exchange.
The Securities Industry Council granted a waiver exempting Xinlong Investment Holding and its concert parties from making a mandatory offer following the rights issue, contingent on shareholder approval at an upcoming extraordinary general meeting.
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