Construction company Aveng intends to raise R300-million by way of a fully co-underwritten renounceable rights offer so that it may restructure its balance sheet, which will allow the group to reset its capital structure. The rights offer comprises up to 20-billion ordinary no par value shares in Aveng and as many class A shares that may be required to be issued to the underwriters to ensure the minima of the rights offer as required by the underwriters is attained.