Lay Hong mulls cash call
- 7 years ago
Integrated poultry farmer, Lay Hong's Managing Director, Yap Hoong Chai said that the company is considering making a cash call through a rights offering or a private placement to reduce its current level of gearing.
As at June 30th this year, Lay Hong's net gearing ratio stood at 1.13 times which Yap described as "high".
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As at June 30th this year, Lay Hong's net gearing ratio stood at 1.13 times which Yap described as "high".
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