FAR International (02516.HK) proposes a rights issue on a "5-for-2" basis at a discount of approximately 66.67%, aiming to raise a maximum net proceeds of approximately HK$72.74 million.

Zhitong Finance APP news, Fanyuan International (02516.HK) announced that the company proposes to issue 374.4 million rights shares to qualified shareholders on a "5-for-2" basis, at HK$0.20 per rights share, representing a discount of approximately 66.67% to the closing price of HK$0.6 per share as quoted on the Stock Exchange on the last trading day.