![Hemas Holdings Rights Issue 1:9 @ Rs. 72/= Hhl11](https://i.servimg.com/u/f38/17/31/86/64/hhl11.png)
http://www.cse.lk/cmt/upload_cse_announcements/9061424428339_.pdf
Hemas to raise over Rs. 4.1 bn. through rights issue
Hemas Holdings PLC, a diversified conglomerate quoted on the Colombo Stock Exchange is seeking a cash infusion of over Rs. 4.1 billion through a rights issue of nearly 57.3 million new shares to be issued in proportion of one new share for every nine held at a price of Rs. 72 per shares.
In a Stock Exchange filing made on Friday, Hemas said that it intends to use the proceeds of the rights issue, which will be subject to shareholder approval at a general meeting and the agreement of the CSE in principle, will be used "to pursue strategic investment opportunities in the core sectors of the group."
Hemas currently has a stated capital of slightly over Rs. 1.6 billion comprising nearly 515.3 million ordinary shares.
The group’s current businesses include fast moving consumer goods (FMCG), healthcare, leisure, transportation and others.
The Hemas share closed on Friday at Rs. 85.
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