Sandmartin International (00482) Reports 67.59 Million Rights Issue Shares Under-subscribed
Stock News
Apr 27
Sandmartin International (00482) announced that as of 4:00 PM on Thursday, April 23, 2026 (the final acceptance deadline), the company had received a total of five valid applications and acceptances under the provisional allotment letters, covering approximately 55.45 million rights issue shares. This represents about 45.07% of the total shares offered under the rights issue. As a result, the rights issue was undersubscribed by approximately 67.59 million shares, accounting for about 54.93% of the total shares offered. These shares will be subject to a compensatory arrangement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.