SYNERTONE (01613) has announced that, as of the record date, the total number of issued shares was 449 million, with the maximum number of rights shares to be issued under the rights issue being 897 million.
The Board of Directors announced that, as of the record date, there were no ineligible shareholders, and consequently, there were no unsubscribed rights shares related to ineligible shareholders.
By 4:00 p.m. on January 15, 2026 (the final acceptance deadline), the company had received valid applications and acceptances for a total of 87.1231 million rights shares under six provisional allotment letters.
This figure represents approximately 9.71% of the total number of rights shares offered under the rights issue.
As a result, the rights issue was undersubscribed, with 810 million rights shares not being taken up.
This accounts for approximately 90.29% of the total number of rights shares available for subscription under the rights issue, and a compensation arrangement will be implemented.
The placing agent will, on a best-efforts basis, procure subscribers to take up all (or as many as possible) of these unsubscribed rights shares no later than 4:00 p.m. on February 6, 2026.
Any unsubscribed rights shares not placed under the compensation arrangement will not be issued by the company, and the scale of the rights issue will be reduced accordingly.