Declare Record Date etc in pursuance of Rights Issue
Price
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Awaiting price reaction for this filing.
Kati Patang Lifestyle Ltd has announced a Record Date in connection with its proposed Rights Issue. Eligible shareholders whose names appear in the company's records on the Record Date will be entitled to receive the rights entitlement. Specific details such as the issue price, ratio, and discount to market price were not disclosed in this filing. The rights issue will allow existing shareholders to subscribe to additional shares in proportion to their current holdings.
Shareholders should watch for the detailed letter of offer which will contain the issue price, ratio, and timeline. Existing investors may need to decide whether to invest additional capital or let their rights lapse, depending on the terms of the issue.