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Nam Cheong launches 1-for-1 renounceable rights issue to raise up to S$29m


SHIPBUILDER Nam Cheong announced on Monday that under the scheme of arrangement between the company and its creditors, it is launching a non-underwritten, one-for-one renounceable rights issue at a price of S$0.014 for each new share.

The issue price is a 30 per cent...

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