WORLD SUPER Holdings (08612) has issued an announcement concerning its rights issue. As of the record date, a total of 311 million shares were offered under the rights issue proposal.
The Board of Directors announced that by 4:00 p.m. on Tuesday, February 3, 2026, the final deadline for accepting the rights shares, it had received only 5 valid acceptances. These applications covered approximately 78.3449 million rights shares, representing about 25.19% of the total shares offered.
Consequently, the rights issue was undersubscribed by approximately 233 million shares, equating to roughly 74.81% of the total offering. These shares will be subject to a compensation arrangement.
The company will implement arrangements as stipulated in GEM Listing Rule 10.31(1)(b). This involves offering the unsubscribed rights shares and the unclaimed shares from excluded shareholders, totaling 232,695,073 shares, to independent placees. The proceeds from this sale will be allocated to the shareholders who were entitled to these shares through the rights issue.
No additional application facility will be available for the rights issue. On October 17, 2025, the company entered into a placing agreement with a placing agent. This agreement is on a best-efforts basis for the placement of the unsubscribed rights shares and the unclaimed shares from excluded shareholders to independent investors.