Anchorstone Holdings (1592) Announces Further Delay in Circular and Revised Rights Issue Timetable

Bulletin Express
Feb 16

Anchorstone Holdings Limited (the “Company,” Stock Code: 1592) issued an announcement dated 16 February 2026, indicating a further delay in the despatch of its circular concerning the proposed increase in authorised share capital, the proposed four-for-one rights issue on a non-underwritten basis, and a set-off arrangement. The circular, originally expected to be despatched on or before 16 February 2026, is now anticipated for release on or before 2 March 2026.

The Company revised the timetable for the rights issue accordingly. Key dates in the updated schedule begin with the expected despatch of the circular on 2 March, followed by the latest time for lodging transfer documents to qualify for attendance at the extraordinary general meeting (EGM) on 13 March, with the EGM itself now set for 20 March. Rights shares are projected to commence nil-paid dealings on 9 April, and fully paid dealings are expected to start on 21 May. Subject to fulfillment of listing conditions, the rights issue will proceed on a non-underwritten basis, and the size of the issue will be reduced if any shares remain unsubscribed.

The Company reiterated that all stakeholders should be aware the rights issue is subject to conditions, including the granting of listing approval for nil-paid and fully paid rights shares. If these conditions are not met, the rights issue may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares or nil-paid rights shares. As of this announcement, the expected timetable may be subject to further changes, which will be disclosed by the Company if necessary.

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