Zhong Jia Guo Xin Holdings Company Limited (stock code: 899) announced details of a proposed Rights Issue, offering two Rights Shares for every one Share held by qualifying shareholders on the record date. The subscription price is set at HK$0.146 per Rights Share.

According to official information, this non-underwritten Rights Issue comprises a maximum of 296,772,672 Rights Shares. Assuming full subscription, the potential maximum gross proceeds could reach approximately HK$43.33 million, with estimated net proceeds of around HK$40.75 million.

The company plans to allocate an estimated 14.72% of the net proceeds for general working capital, 59.29% for partial repayment of outstanding liabilities, 16.17% for expanding its water business, and 9.82% for mine maintenance and licensing. Completion of the Rights Issue remains subject to approvals from independent shareholders, fulfillment of listed conditions, and other regulatory requirements.

A special general meeting has been scheduled for Thursday, 20 November 2025, to seek independent shareholders’ approval of the proposed Rights Issue and associated transactions.