Crown International Corp. posts 2.7% oversubscription in 3-for-1 rights issue

Reuters

02/23

Crown International Corp. posts 2.7% oversubscription in 3-for-1 rights issue

Crown International Corporation Limited announced the results of its non-underwritten rights issue on the basis of three rights shares for every one share held. The offer of up to 953,883,000 rights shares was oversubscribed by about 2.7%, with excess applications allocated on a pro-rata basis of roughly 96%. The company expects to raise net proceeds of approximately HK$618.0 million for land development, with fully-paid rights shares set to begin trading on Feb. 26, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crown International Corp. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260223-12027708), on February 23, 2026, and is solely responsible for the information contained therein.

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ID: HKEX-EPS-20260223-12027708), on February 23, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地產經營公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260223:nNDL87GWXy:1","article_id":"2613886007","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613886007","pubTimestamp":1771838240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Crown International Corporation Limited announced the results of its non-underwritten rights issue on the basis of three rights shares for every one share held. 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