The rights shares are priced at 1.65 cents each, and 1 rights share will be offered for each ten existing shares held.
Zixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1 million from a rights issue.
The rights shares will also come with additional free warrants. If the warrants are fully exercised, the company expects gross proceeds of another $26 million.
