ZJ United Inv Postpones Circular Dispatch, Updates Timeline for Capital Reorganisation and Rights Issue

Bulletin Express
08/28

Zhejiang United Investment Holdings Group Limited (ZJ United Inv, 08366) has announced a delay in dispatching its shareholder circular and released an updated schedule for its proposed capital reorganisation, board-lot size change, rights issue, and related placing and underwriting arrangements.

The company now plans to send the circular—detailing the capital reorganisation, the change in board lot size, and the fully-underwritten rights issue—on or before 18 September 2026, later than the previously targeted 28 August 2026. Management cited the need for additional time to finalise the contents of the document, which will include the Independent Board Committee’s recommendation, an independent financial adviser’s opinion, and the notice convening the extraordinary general meeting (EGM).

Revised timetable highlights (all dates 2026, Hong Kong time): • Latest share transfer for EGM eligibility: 4:00 p.m., 13 October • Register closure for EGM voting rights: 14 – 21 October • EGM to approve capital reorganisation and rights issue: 11:00 a.m., 21 October • Capital reorganisation effective; dealings in adjusted shares begin: 23 October • Last cum-rights trading day: 23 October; ex-rights trading commences: 26 October • Record date for rights issue entitlement: 3 November • Prospectus and application forms dispatched: 4 November • Trading in nil-paid rights shares: 6 – 13 November • Final acceptance and payment deadline for rights shares: 4:00 p.m., 18 November • Results of rights issue and placing announced: 4 December • Fully-paid rights shares start trading: 8 December • Net gain payments to entitled shareholders: 22 December

All dates remain subject to change, contingent on regulatory approvals and fulfilment of conditions tied to the share consolidation and rights issue. The company will issue further announcements if any adjustments to the timetable become necessary.

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