Sandmartin International Holdings Ltd. has announced a further delay in the despatch of its circular regarding a proposed capital reorganisation and a rights issue. The rights issue is planned on the basis of one rights share for every one adjusted share held on the record date, on a non-underwritten basis. The company cautions that both the capital reorganisation and the rights issue are subject to certain conditions and may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares. The company will provide further updates on the revised timetable and structure as appropriate.
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