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CCK $3m rights issue half undersubcribed

CCK $3m rights issue half undersubcribed

Financial software and services provider CCK Financial Solutions (ASX:CCK) has announced a shortfall totalling over half of its $3 million rights issue.

Partial underwriter Joseph Sun Man Wong has been informed of under-subscriptions totalling around 17.4 million of the roughly 34 million shares offered under the rights issue, CCK said in a statement.

The two-for-three offer was for an issue price of $0.090 per share.

CCK shares are today trading unchanged at $0.080.

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Tags rights issuesoftwareASX:CCKJoseph Sun Man WongCCK Financial Solutions

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