China Fish

China Fish: goes ex-rights today. Recall the co has proposed a renounceable underwritten 1-for-1 rights issue at an issue price of $0.34 per rights share. This is to fund the proposed takeover of Copeinca, a Peruvian fishing company. Yday’s close at $0.60, translates to a theoretical ex-rights price (TERP) of $0.47, which is inline with today's opening price. Other key dates related to the corporate action to note, 28 Mar - commencement of trading of "nil-paid" rights and despatch of OIS 12 Apr - last day to accept rights shares 22 Apr - commencement of trading of rights shares.