City Hotel Sets Book Close Date for Massive 80% Rights Issue!
Investors and shareholders are buzzing! City Hotel Limited has announced the book close date for its highly anticipated rights issue. The book close date is set for July 27th. This means if you want to be eligible to receive these valuable rights shares, you need to have purchased and held City Hotel shares by July 26th (the last trading day before the book close date).
This is a significant opportunity, as City Hotel is issuing rights shares at a substantial 80% of its current paid-up capital. This translates to a massive issuance of 13,392,000 shares, each with a face value of 100 Nepalese Rupees. This rights issue aims to raise a total of 1.3392 billion Nepalese Rupees.
The rights issue offers City Hotel shareholders a chance to increase their holdings at a potentially attractive price. This can be a great way to participate in the future growth of the company. Make sure to check City Hotel’s stock price performance and consider factors like investment strategy before making your decision.
The Nepal Securities Board (Sebon) approved the rights issue on July 4th, paving the way for this significant offering. Prabhu Capital Limited is managing the share issuance and sale process. This is a trusted name in the Nepalese stock market, and they will be handling the important details of the share allotment process.
This is a noteworthy development in the Nepalese stock market and is important news for anyone following stock market updates and investment opportunities!
