KLW

KLW: proposes a 1-for-1 renounceable non-underwritten rights at issue price of 1 ct a piece. The co intends to use the net proceeds of approx $12.2m to, i) fully or partially fund the setting up of a door manufacturing factory in Vietnam (approx $0.25m), and ii) for strategic growth and M&A opportunities, and to provide the group with additional capital for capex and growth of such acquired entities. The rights issue will be tabled for shareholders’ approval at an EGM. KLW is in top volume at 2.3 cts, +15%.