China Wood International Holding Co Ltd (01822) has announced the results of its rights issue, revealing a subscription rate of approximately 58.80% as of the record date.

According to the company's filing, the rights issue offered a total of 987 million rights shares, and no shares were set aside for ineligible shareholders, with the number of unsubscribed rights shares for this group standing at zero.

The board confirmed that as of 4:00 p.m. on Friday, August 28, 2026, which marked the final acceptance deadline, a total of 19 valid acceptances had been received. These acceptances covered 580 million rights shares, representing about 58.80% of the total offered shares.

Consequently, the rights issue was undersubscribed by 407 million shares, accounting for roughly 41.20% of the total offering. These unsubscribed shares will now be subject to compensation arrangements as per the agreement.

Under the placement agreement, the company has appointed a placement agent to market the unsubscribed shares to independent placees on a best-effort basis during the placement period. Any premium realized above the subscription price of these rights shares will be distributed proportionally to the shareholders who did not act on their entitlements.

The placement agent is required to use its best efforts to secure subscribers for all unsubscribed rights shares, as well as any unsubscribed shares from ineligible shareholders, no later than 4:00 p.m. on Tuesday, September 8, 2026. Should any unsubscribed shares remain unplaced after the completion of the placement process, the company will not issue them, and the overall scale of the rights issue will be reduced accordingly.