Hong Wei Asia Expands Share Capital by 380.27% via Four-for-One Rights Issue at HKD 0.13 per Share

Bulletin Express
Jul 20

Hong Wei (Asia) Holdings Company Limited completed the allotment of 280.32 million new ordinary shares on 20 July 2026 through a non-underwritten rights issue, executed on the basis of four rights shares for every existing share held on the record date.

The transaction lifted the company’s issued share capital (excluding treasury shares) from 73.72 million to 354.04 million shares, marking a 380.27 % increase. The rights shares were issued at HKD 0.13 each.

No treasury shares were created, sold or repurchased in connection with the exercise, leaving the closing balance of treasury shares at zero.

The board confirmed that the issuance complied with all applicable Hong Kong Stock Exchange listing rules and regulatory requirements, and that full payment for the new shares had been received.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10