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Jubilee’s rights issue supports forecast of high revenue growth

PC Lee
PC Lee10/13/2017 3:31 PM GMT+08  • 2 min read
Jubilee’s rights issue supports forecast of high revenue growth
SINGAPORE (Oct 13): NRA Capital continues to expect Jubilee Industries to stage a turnaround in FY18, starting with some profitability in 1H18 followed by higher returns in 2H18.
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SINGAPORE (Oct 13): NRA Capital continues to expect Jubilee Industries to stage a turnaround in FY18, starting with some profitability in 1H18 followed by higher returns in 2H18.

On Wednesday, Jubilee proposed the issue of one rights share cum one free detachable warrant for every two existing shares at the issue price of 4.5 cents each.


See: Jubilee to raise $15 mil from rights issue for working capital and fund business expansion

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