FIRE ROCK (01909): Rights Issue Receives Approximately 45.78% Valid Acceptance

Stock News
Dec 09, 2025

FIRE ROCK (01909) announced that the board of directors declared: (i) there were no ineligible shareholders as of the record date, hence no unsubscribed rights shares from ineligible shareholders; and (ii) by 4:00 p.m. on Thursday, December 4, 2025 (the final acceptance deadline), a total of seven valid acceptances for 43,948,300 rights shares had been received, representing approximately 45.78% of the total rights shares offered under the rights issue.

Pursuant to irrevocable undertakings, Mr. Zhang, Saffron, and Infinities Investment subscribed for 1.92 million, 32.75 million, and 4.5 million rights shares, respectively. Consequently, the subscription rate for the rights issue stands at approximately 45.78%, while the unsubscribed rights shares amount to 52,051,700 (about 54.22% of the total rights shares offered), which will be subject to compensatory arrangements.

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