Xinyu Heng profit rose 2.56% due to discount share rights yesterday fell nearly 20%

New Yu Heng Profit (03389-HK) is now up 2.56%, reported 2.40 Hong Kong dollars, a deal of HK $29.5909 million, the shares yesterday due to the discount rights, a fall of 19.86%.　　The company announced that, according to $2.62 per share, the new way of placing 236 million shares in the first post, raising 618 million yuan, is expected to be a net 602 million yuan, which will mainly be used to expand the retail network, including mergers and acquisitions, retail outlets and daily operating funds. BOC International believes the rights issue will ease worries about its debt, as it has a 700 million Hong Kong dollar maturity convertible bond due in 2010 and is reviewing its rating for sale.