Alco Holdings Limited (328) has announced the results of its Rights Issue, which offered four Rights Shares for every one Adjusted Share at HK$3.24 per share. According to the company’s announcement, a total of 45,822,744 Rights Shares were available as of the Record Date. Valid acceptances were received for 7,496,542 shares, representing approximately 16.36% of the offered amount, leaving 38,326,202 unsubscribed shares.

Those unsubscribed shares will be handled through a Placing Agreement signed on 7 July 2025. The company expects the Placing Agent to secure independent Placees by no later than 11 November 2025 on a best effort basis. Any net gain above the subscription price from placing these shares will be distributed pro rata to affected shareholders. A final announcement disclosing the outcome of the Rights Issue and Placing is scheduled for release on 21 November 2025.

The announcement states that completion of the Rights Issue and placing process remains subject to certain conditions. Shareholders and potential investors are advised to be aware that the issue may not proceed if these conditions are not fulfilled.