Nov 2 (Reuters) - Mmg Australia Ltd MMG.AX
* Proposes to raise between approximately HK$3.968 billion and HK$4.036 billion by way of rights issue of not less than 2.65 billion rights shares
* Intends to use net proceeds from rights issue to repay existing debt and to support project development Source text for Eikon: ID:nASXhWyPn Further company coverage: MMG.AX