MANSION INTL (08456) Raises Net Proceeds of Approximately HK$29.5 Million Through Rights Issue

Stock News
08/14

According to Zhitong Finance APP, MANSION INTL (08456) announced that it has received a total of seven valid applications and acceptances under the provisional allotment notices for an aggregate of 43.1581 million rights shares, representing approximately 40.8% of the total number of rights shares available for subscription under the rights issue. The rights issue will not result in any fractional entitlements of rights shares. Based on the subscription results, 62.6042 million rights shares were not taken up, representing approximately 59.2% of the total number of rights shares available for subscription under the rights issue. The 62.6042 million untaken rights shares (the placing shares, representing approximately 59.2% of the total number of rights shares available for subscription under the rights issue) are subject to the placing arrangements. The placing shares (representing approximately 47.4% of the issued shares of the company immediately after completion of the rights issue) have been successfully placed to not less than six placees at the placing price of HK$0.29 per placing share (being no premium to the subscription price). Accordingly, the amount of net proceeds per untaken rights share under the compensatory arrangements is nil, and no non-acting shareholders will realize any net proceeds and are intended to receive any net proceeds on September 10, 2025 (Wednesday). All conditions set out in the rights issue prospectus relating to the rights issue and the placing of untaken rights shares have been fulfilled, and the rights issue and the placing of untaken rights shares became unconditional at 4:00 p.m. on August 13, 2025 (Wednesday). The gross proceeds from the rights issue amount to approximately HK$30.7 million, while the net proceeds (after deducting related expenses) amount to approximately HK$29.5 million.

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