Zhongmu International (01822.HK) is planning to raise approximately HK$74 million through a rights issue on a "one-for-one" basis.

Zhixin Finance APP News, China Wood International (01822.HK) announced that the Board of Directors proposes to issue one rights share for every one share held on the record date, with a subscription price of HK$0.077 per rights share. The subscription price of HK$0.077 per rights share represents a discount of approximately 43.80% from the closing price of HK$0.137 per share on the last trading day on the Stock Exchange. Assuming that the total number of issued shares remains unchanged from the date of this announcement until the record date (including that day), the company will issue up to 986,898,680 shares of rights shares, raising a maximum of approximately HK$77 million (before expenses).