[ET Net News Agency, 26 June 2013] ICube Technology (00139) said it proposes to raise
about HK$135.58 million to HK$229.27 million by way of a rights issue on the basis of two
rights shares for every share held at a subscription price of HK$0.1 apiece.
The subscription price represents a discount of about 20.63% to the closing price of
HK$0.126.
The estimated net proceeds of around HK$129.65 million to HK$223.33 million will be used
for further funding the research and development on the Group's Multi-threaded Virtual
Pipeline (MVP) based System-on-Chip products and the general working capital of the Group.
(HL)
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