Guangzhao Ind Forest: to lift halt at 9am this morning.
Co to place 40m shares (5% of existing shares out) to individuals at 2.5cts/sh, representing an 11% discount to last close at 2.8cts. Transaction subject to approval by SGX and sh/h. Net proceeds of $960k to be used to meet the repayment schedule for the US$9.1m in principal amount of interest bearing notes due 2011 issued to Liberty Habor Mast Fund.
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