Sino Grandness slips nearly 19%
The share price of main board-listed Sino Grandness has
plunged by almost 19 per cent in early morning trade on Wednesday, after the
Chinese food manufacturer revised down its terms of rights issue.
As at 10.11am on Dec 14, the counter had fallen by 5.5
Singapore cents, or 18.64 per cent, to 24 Singapore cents.
On Tuesday night, it announced that it has revised its
rights issue basis to five rights shares for every 11 held. The maximum number
of shares that can be issued is now 332.3 million.
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