KNT Holdings Limited (Stock Code: 1025) Announces Results of Rights Issue Applications and Placing Arrangements

Bulletin Express
Feb 06

KNT Holdings Limited (the “Company”) disclosed that, as of the record date, it had 202,183,720 issued shares, with an equivalent number of 202,183,720 Rights Shares (the “Offered Shares”) available under its one-for-one Rights Issue. According to the announcement, valid applications and acceptances were received for 58,222,621 Rights Shares, approximately 28.80% of the Offered Shares, leaving 143,961,099 Unsubscribed Rights Shares (around 71.20%).

The Unsubscribed Rights Shares will be subject to compensatory arrangements in accordance with Rule 7.21(1)(b) of the Listing Rules. The Company has appointed a Placing Agent, on a best effort basis, to place these Unsubscribed Rights Shares and any NQS (Non-Qualifying Shareholders) Unsold Rights Shares to independent Placees by 4:00 p.m. on Thursday, 5 March 2026. If a premium over the subscription price (net of expenses) is realized, the net gain will be distributed pro rata to certain Shareholders, including those whose nil-paid rights were not taken up and Non-Qualifying Shareholders.

The announcement states that any Unsubscribed Rights Shares and NQS Unsold Rights Shares not successfully placed by the end of that period will not be issued, and the size of the Rights Issue will be reduced accordingly. The Company plans to publish final results of the Rights Issue, including the Placing outcome and potential net gain per Unsubscribed Rights Share, on Monday, 9 March 2026.

Shareholders and potential investors are reminded that the Rights Issue and the Placing remain subject to fulfilment of certain conditions, expected by 4:00 p.m. on Friday, 6 March 2026. The Rights Issue is non-underwritten with no minimum subscription requirement, and investors are advised to exercise caution when dealing in the shares. The Company’s announcement, dated 6 February 2026, reiterates that if these conditions are not met, the Rights Issue and/or the Placing will not proceed, and any remaining Unsubscribed Rights Shares will not be issued.

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