Zhongshen Jianye: Rights Issue Sees 77.04% Take-Up, 525.53 Million Shares to Be Placed

Bulletin Express
Jun 17

Zhongshen Jianye Holding Limited disclosed the subscription results of its two-for-one non-underwritten rights issue as of 16 June 2026. Out of 2.29 billion Rights Shares on offer, valid applications covered 1.76 billion shares, representing 77.04% of the total. The remaining 525.53 million shares (22.96%) will be disposed of through compensatory arrangements.

Under the placing agreement signed on 26 March 2026, the placing agent has until 25 June 2026 to place the unsubscribed shares on a best-effort basis with independent investors. Any premium over the subscription price that is realised will be distributed pro-rata to shareholders whose rights lapsed or who were not qualified to participate, provided the individual entitlement reaches at least HK $100. The company will retain amounts below this threshold.

If any portion of the 525.53 million shares cannot be placed, those shares will not be issued and the final size of the rights issue will be reduced accordingly. A follow-up announcement on 2 July 2026 will confirm the final placing outcome and any net gain per unsubscribed share.

The rights issue and the related placing remain subject to fulfilment of conditions. Zhongshen Jianye cautions shareholders and potential investors that dealings in its shares carry the risk that the transactions may not proceed and advises exercising prudence when trading the stock.

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