On 16 February 2026, Kwan On Holdings Limited (Stock Code: 1559) announced details of a proposed rights issue, offering one Rights Share for every two Shares held on the record date. The subscription price is set at HK$0.07 per Rights Share, payable in full on acceptance by no later than 4:00 p.m. on Thursday, 5 March 2026.
The rights issue is conducted on a non-underwritten basis. Those subscribing for the provisionally allotted Rights Shares may also apply for excess Rights Shares, with allotments subject to the sole and fair discretion of the board of directors. All remittances must be made in Hong Kong dollars, by cheque or cashier’s order drawn on a licensed bank in Hong Kong and made payable to “Kwan On Holdings Limited – Excess Application Account.”
If any of the conditions of the rights issue are not fulfilled by 4:00 p.m. on Friday, 6 March 2026 (or such later date and/or time as the company may determine), the rights issue will not proceed. Subject to final approval and completion, share certificates for the fully paid Rights Shares and any refund cheques for unsuccessful applications are expected to be dispatched on or before 13 March 2026.