Zhongshi Minan Holdings Limited (Stock Code: 8283) announced the results of its rights issue on a non-underwritten basis, offering five rights shares for every existing share at HK$0.35 per share. Valid acceptances accounted for 24,458,532 rights shares, or about 8.49% of the total 288,000,000 shares available under the offering. The remaining 263,541,468 unsubscribed rights shares were successfully placed at HK$0.35 each, resulting in no net gain for distribution.

Following completion, the rights issue raised gross proceeds of approximately HK$100.80 million, with net proceeds of about HK$96.97 million. These funds are intended for refined sales and marketing strategies, potential new cooperation or investment opportunities, repayment of an outstanding amount owed to an executive director, and general working capital.

Upon completion, the company’s share capital increased from 57,600,000 shares to 345,600,000 shares. According to the announcement, share certificates are expected to be distributed on or before 12 February 2026, and dealings in the fully paid rights shares are set to commence on 13 February 2026.