Imperial Technology Group Completes Placement of 154 Million Rights Issue Shares

Stock News
Sep 01

IMPERIUM TEC GP (00776) has announced the successful placement of all 154 million unsubscribed shares under its rights issue.

As of 4:00 p.m. on Wednesday, August 12, 2026, the deadline for accepting rights shares and making payment, the company had received a total of 13 valid applications covering 69.6539 million rights shares, representing approximately 31.10% of the total number of rights shares available for subscription under the offering.

Following the outcome of these valid acceptances and applications, the total number of unsubscribed rights shares, subject to the compensation arrangements, amounted to 154 million rights shares. In accordance with Rule 7.21(1)(b) of the Listing Rules, the company has entered into a compensation arrangement by executing a placing agreement with a placing agent. Under this arrangement, the company has conditionally appointed the placing agent, and the placing agent has conditionally agreed to act as the company's placing agent to procure subscribers for the unsubscribed rights shares on a best-efforts basis pursuant to the terms of the placing agreement.

As of 4:00 p.m. on Wednesday, August 26, 2026, the deadline for placing the unsubscribed rights shares, the 154 million rights shares under the placement were successfully placed to no fewer than six placees at a price of HK$0.19 per share, which equals the subscription price. Consequently, under the compensation arrangements, there are no net proceeds available for distribution to shareholders who took no action.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10