HSC Resources Group Ltd. Announces Rights Issue with Private Placement, Offering Four New Shares for Every Adjusted Share at HK$0.53 Each
Reuters
Sep 24
HSC Resources Group Ltd. Announces Rights Issue with Private Placement, Offering Four New Shares for Every Adjusted Share at HK$0.53 Each
**HSC Resources Group Ltd. Announces Results of Rights Issue and Private Placement** HSC Resources Group Ltd. has announced the successful completion of its rights issue, offering shareholders four rights shares for every one adjusted share held at a subscription price of HK$0.53 per rights share. The company received valid applications for approximately 24.76% of the total rights shares offered, amounting to 34,230,326 shares. The remaining 104,009,674 unsubscribed rights shares were subject to compensatory arrangements, with the company entering into a placing agreement with a placing agent to place these shares. Share certificates for the fully-paid rights shares are expected to be dispatched, with dealings in the fully-paid shares set to commence shortly on the Stock Exchange.
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