HKC International Holdings Limited (Stock code: 248) released a notice dated 20 February 2026 regarding a rights issue on the basis of one Rights Share for every two Shares held as of the record date. The subscription price is set at HK$0.28 per Rights Share, with full payment due by 4:00 p.m. on 6 March 2026.
The company also issued an Excess Application Form (EAF) for Qualifying Shareholders intending to apply for additional Rights Shares beyond their provisional allotments. Allotment of excess shares will be subject to the directors’ discretion. Nil-paid Rights Shares are scheduled to trade from 24 February 2026 through 3 March 2026, following an ex-rights date of 6 February 2026.
According to the announcement, share certificates for allotted Rights Shares and refund cheques (if any) are expected to be mailed out on or around 17 March 2026 at shareholders’ own risk. The Rights Issue remains conditional upon fulfillment or waiver of certain conditions, as outlined in the prospectus provided by the company.