Uni-President China To Raise $426 Mln In Rights Issue; Shares Priced At 30% Discount

Uni-President China, the Hong Kong-listed, mainland business arm of Taiwan food giant Uni-President Enterprises, plans to raise HK$3.3 billion, or $426 million, in a rights issue, the company said in an announcement on Sunday. Uni-President China aims to sell 719.9 million shares at HK$4.36. That price is a discount of 29.6% from Friday’s close.  The new rights shares will increase the company’s total number of shares to 4.3 billion.  Funds raised will be used to repay loans and for genera...