Electrical, lighting and PVC company Fosrich is set to raise up to $139 million through a rights issue.
The offer, which gives existing shareholders the opportunity to acquire new shares disbursed by the company, will open on July 11.
In that regard, 55.73 million new ordinary shares are being put out by the Junior Market company.
Investors who bought into Fosrich as at June 2 this year will be able to buy one new share for every 90 shares owned.
New shares are selling at $2.50 per unit.
The offer is expected to run until August 18.
Fosrich plans to use the funds to complete phase two of its 30, square foot Fulfillment Centre on Molynes Road.
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