JKH rights issue oversubscribed
View(s):Sri Lanka’s John Keells Holdings said its 40 billion-rupee worth rights issue was ‘substantially’ oversubscribed when the offer closed on Friday.
The group offered 132 million shares at a price of Rs 175 each with attached warrants. The money is being raised for the group’s new integrated development project on its former headquarters property at Slave Island in Colombo.
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