Xinming China Holdings Ltd. Announces Prospectus for Rights Issue Offering Four Shares for Each Adjusted Share at HK$1.12
Xinming China Holdings Ltd., incorporated in the Cayman Islands, has announced the results of its rights issue, offering four rights shares for every one adjusted share at a subscription price of HK$1.12 per rights share. The company's prospectus, dated 28 November 2024, detailed this rights issue, with dealings in fully-paid rights shares expected to commence on 31 July 2025 on the Stock Exchange. Share certificates are projected to be dispatched by 30 July 2025. The issue aims to bolster the company's capital base, with compensatory arrangements and placing agreements in place for any unsubscribed shares.
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