China Automotive Interior Decoration Holdings Limited (0048) disclosed a proposed rights issue on the basis of three rights shares for every two existing shares, offered at HK$0.13 each. The maximum total number of rights shares is 262,672,656, aiming to raise approximately HK$34.1 million in gross proceeds, with an estimated net amount of around HK$32.0 million.

According to the announcement, the Board scheduled an Extraordinary General Meeting on 14 November 2025 to seek shareholders’ approval for the plan. Astrum Capital Management Limited will serve as the underwriter, fully underwriting up to 262,672,656 untaken rights shares. Qualifying shareholders can subscribe to maintain their stakes, while the placing of unsubscribed rights shares will occur on a best-effort basis. The subscription price reflects a discount to previous market quotations.

Company information shows that approximately 95.31% of the net proceeds (around HK$30.5 million) is earmarked for property, plant, and machinery related to production lines in the PRC, and HK$1.5 million for general working capital. The record date for determining entitlements is 26 November 2025, and the closing of the register of members is set from 20 November to 26 November 2025. Upon successful completion, the total issued shares will rise from 175,115,104 to 437,787,760. Share certificates for fully-paid rights shares are expected to be posted around 30 December 2025.