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Theme issues $64m shares

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FASHION retailer Theme International Holdings is enlarging its capital by about 20 per cent through a placement of new shares with Chiu Ka-lun, Value Partners and Easyknit Enterprise Co.

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Theme told the stock exchange the three parties had agreed to subscribe for 72 million new shares at 90 cents a share, a discount of 9 per cent to the stock's close of 99 cents yesterday.

The stock was the biggest gainer, rising 12 cents or 13.7 per cent on a turnover of $3.25 million.

The placement will raise $64.8 million, which Theme will use as additional working capital.

Of the 72 million shares, Theme said Mr Chiu would take 58 million shares, and Value Partners and Easyknit seven million each.

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Value Partners was subscribing on behalf of Value Partners 'A' Fund.

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