Tongda Hong Tai (2363) Updates on 2024 Annual Report and Rights Issue Proceeds

Bulletin Express

Nov 26

Tongda Hong Tai Holdings Limited (2363) announced supplemental information to its 2024 Annual Report, particularly regarding the use of net proceeds from a two-for-one rights issue completed on 8 May 2024, and details of its Share Option Scheme.

According to the announcement, the rights issue brought in net proceeds of approximately HK$77.9 million. These were originally designated for loan and other payables repayment, as well as general working capital, with the full allocation intended by 30 June 2024. However, as of 31 December 2024, HK$7.9 million had been utilized for working capital, while HK$70 million remained pending due to extended repayment dates. The company now expects full repayment utilization between September 2026 and October 2027.

Additionally, the Share Option Scheme underwent changes following a share consolidation in March 2024. The number of options available for grant stood at 1,891,156 as of 31 December 2024, representing approximately 0.93% of the total shares in issue by 31 March 2025.

The company confirmed that the supplemental details do not affect other disclosed information in the 2024 Annual Report and that except for the updates provided, all other published information remains unchanged.

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These were originally designated for loan and other payables repayment, as well as general working capital, with the full allocation intended by 30 June 2024. However, as of 31 December 2024, HK$7.9 million had been utilized for working capital, while HK$70 million remained pending due to extended repayment dates. The company now expects full repayment utilization between September 2026 and October 2027.</p>\n<p>Additionally, the Share Option Scheme underwent changes following a share consolidation in March 2024. The number of options available for grant stood at 1,891,156 as of 31 December 2024, representing approximately 0.93% of the total shares in issue by 31 March 2025.</p>\n<p>The company confirmed that the supplemental details do not affect other disclosed information in the 2024 Annual Report and that except for the updates provided, all other published information remains unchanged.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02363","symbol_name":"通达宏泰","start_time":0,"source_url":"","article_id":"1164826231","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164826231","pubTimestamp":1764164691,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Tongda Hong Tai Holdings Limited (2363) announced supplemental information to its 2024 Annual Report, particularly regarding the use of net proceeds from a two-for-one rights issue completed on 8 May...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02363":"通达宏泰"},"translate_title":"通达宏泰(2363)2024年年报及供股所得款项更新","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02363":1},"content_text":"Tongda Hong Tai Holdings Limited (2363) announced supplemental information to its 2024 Annual Report, particularly regarding the use of net proceeds from a two-for-one rights issue completed on 8 May 2024, and details of its Share Option Scheme.\nAccording to the announcement, the rights issue brought in net proceeds of approximately HK$77.9 million. 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