Fire Rock (HKG:1909) said its previously announced 1-for-2 rights offering was undersubscribed, according to a Hong Kong bourse filing on Tuesday.
Of the 96 million rights shares available for sale, the company received acceptances for 43.9 million shares, or around 46% of the total.
The company said it will offer the remaining 52.1 million unsubscribed shares to the public.
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