Shin Hwa World (00582) Announces Rights Issue Results and Over-Subscription

Bulletin Express
Nov 01

Shin Hwa World Limited (Stock Code: 00582) concluded its Rights Issue on the basis of one Rights Share for every one Share held on the record date, with the acceptance period closing on 24 October 2025. A total of 1,825,740,693 Rights Shares were offered under the issue.

Valid acceptances under the provisional allotments reached 503,472,803 Rights Shares, representing about 27.58% of the offered amount. Applications for excess Rights Shares totaled 1,389,699,559, making up around 76.12% of the total. In aggregate, acceptances and applications amounted to 1,893,172,362 Rights Shares, or approximately 103.69% of those offered, signifying an over-subscription of 67,431,669 Rights Shares (about 3.69% above the original offering).

The gross proceeds reached approximately HK$182.57 million, with estimated net proceeds of around HK$178.75 million. According to the final shareholding structure, public shareholders hold 2,851,345,986 Shares, representing about 78.09% of the enlarged total, which now stands at 3,651,481,386 Shares after completion of the Rights Issue.

Share certificates for fully-paid Rights Shares will be dispatched on 3 November 2025, and dealings in these new Shares are expected to begin on 4 November 2025.

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