Zhongshi Minan Holdings Limited (8283) released an updated schedule for its non-underwritten Rights Issue. According to the announcement, the company plans to issue five Rights Shares for every one share held on the newly revised record dates. The arrangement aims to accommodate potential odd lots arising from the Rights Issue and is subject to approval at an Extraordinary General Meeting (EGM).

Important milestones in the announcement include the expected despatch of relevant circulars by late November 2025, followed by the EGM on 18 December 2025. Trading in the shares on a cum-rights basis is set to end on 19 December 2025, and ex-rights trading commences on 22 December 2025. The registration of shareholders qualifying for the Rights Issue closes between 24 December 2025 and 2 January 2026, with the final record date for entitlement scheduled on 2 January 2026.

The despatch of the prospectus is expected on 5 January 2026, followed by the trading of nil-paid Rights Shares beginning on 7 January 2026. The deadline for acceptance and payment for the Rights Shares is 19 January 2026. Subsequently, the placing period for any unsubscribed or unsold Rights Shares is tentatively set to run from 28 January 2026 to 3 February 2026. The Rights Issue, if it becomes unconditional, would be completed in February 2026, with fully-paid Rights Shares trading projected to commence on 13 February 2026.

The announcement reiterates that any updates remain contingent on the EGM results and other conditions. Interested parties are advised to monitor forthcoming disclosures for further information on the progress of the proposed Rights Issue.