SINO SPLENDID (08006): Rights Issue Receives Valid Applications of Approximately 42.4%

Stock News

Oct 16, 2025

According to an announcement from SINO SPLENDID (08006), as of 4:00 PM on October 13, 2025 (Monday), the company has received a total of 33 valid applications for rights shares, amounting to approximately 93.79 million shares, which represents about 42.4% of the total shares available for sale. Consequently, the rights issue was not fully subscribed, resulting in an undersubscription of 128 million shares, which accounts for approximately 57.6% of the total offered shares. These shares will be handled according to the compensation arrangement. The placement agent will endeavor to solicit subscriptions for all (or as many as possible) of the unsubscribed rights shares during the period from October 17, 2025 (Friday) to not later than 4:00 PM on October 28, 2025 (Tuesday).

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