C AUTO INT DECO (00048) proposes a "2 for 3" rights issue at a base price to raise approximately HK$32 million net.

C AUTO INT DECO (00048) announced that the company suggests a ratio of receiving 3 rights shares for every 2 existing shares held on the record date, at a subscription price of HK$0.13 per rights share. A total of 263 million rights shares will be issued to raise approximately HK$34.1 million in proceeds (assuming the number of shares issued has not changed on or before the record date). The rights issue is open only to eligible shareholders and will not be offered to ineligible shareholders. The net proceeds from the rights issue (after deducting all necessary costs and expenses) are estimated to be approximately HK$32 million (assuming the number of shares issued has not changed on or before the record date).