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Loss-making CCM to raise up to $143.5m

It plans 8-for-1 rights issue, bonus issue for working capital, investment

Wed, Apr 09, 2014 - 6:00 AM

LOSS-MAKING CCM Group plans to issue up to 28.75 billion shares via an eight-for-one rights issue and another 28.75 billion bonus shares on the basis of one bonus share for every rights share subscribed.

At half a cent each, the rights shares are expected to raise a maximum of about $143....

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