Hong Wei Asia Expands Share Capital by 380.27% via Four-for-One Rights Issue at HKD 0.13 per Share

Bulletin Express
07/20

Hong Wei (Asia) Holdings Company Limited completed the allotment of 280.32 million new ordinary shares on 20 July 2026 through a non-underwritten rights issue, executed on the basis of four rights shares for every existing share held on the record date.

The transaction lifted the company’s issued share capital (excluding treasury shares) from 73.72 million to 354.04 million shares, marking a 380.27 % increase. The rights shares were issued at HKD 0.13 each.

No treasury shares were created, sold or repurchased in connection with the exercise, leaving the closing balance of treasury shares at zero.

The board confirmed that the issuance complied with all applicable Hong Kong Stock Exchange listing rules and regulatory requirements, and that full payment for the new shares had been received.

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