Oct 21 (Reuters) - China 33 Media Group Ltd :
* PROPOSES TO RAISE GROSS PROCEEDS OF UP TO HK$19.4 MILLION
* TO CONSOLIDATE EVERY 4 EXISTING SHARES IN ISSUED AND UNISSUED SHARE CAPITAL OF CO INTO 1 CONSOLIDATED SHARE
* RIGHTS ISSUE AT SUBSCRIPTION PRICE OF HK$0.30 PER RIGHTS SHARE ON BASIS OF 3 RIGHTS SHARES FOR EVERY 2 CONSOLIDATED SHARES
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