Etalon Group (2ET GY) Announces rights offering to purchase up to 88.5M shares (~30% of shares outstanding)
The net proceeds from the Offering will be used for the acceleration of the Company's investment programme and business expansion. In accordance with its strategy, EtalonGroup plans to accelerate land bank replenishment and considers a pipeline of new project acquisitions in 2021 of total net sellable area of 3.5 million sqm. Details of the Company's investment programme and pipeline of potential projects will be disclosed in the Company's 1Q 2021 operating results presentation and the Offering Memorandum.