Sino Splendid Holdings Limited (Stock Code: 8006) has announced the completion of its rights issue on the basis of three rights shares for every two existing shares. As of the latest acceptance deadline, applications were received for approximately 93,793,834 rights shares, representing about 42.4% of the total offered. The undersubscribed portion of 127,517,561 shares was subsequently placed at HK$0.08 per share.

Following the successful placing, the rights issue became unconditional, and total gross proceeds of approximately HK$17.7 million were raised, with net proceeds reaching around HK$16.6 million. The company intends to allocate about 88% of the net proceeds to repay account payables on or before 30 November 2025, while the remainder is designated for general working capital.

Upon completion of the rights issue and the placing, the company’s issued share capital increased from 147,540,930 shares to 368,852,325 shares. Niu Chengjun’s shareholding now stands at approximately 6.06%, while independent placees hold about 34.57%, and other public shareholders hold 59.37%. Dealings in the fully paid rights shares are expected to commence on 7 November 2025.