Capital VC Receives Valid Applications for 173.87 Million Rights Shares

Reuters
Feb 20
Capital VC Receives Valid Applications for 173.87 Million Rights Shares

Capital VC Ltd said holders took up 173,865,925 rights shares, about 38.6% of the 1-for-1 rights issue, leaving 276,262,324 unsubscribed shares (61.4%) to be placed with independent investors under compensatory arrangements. The company said any net gain from the placing above the subscription price will be paid pro rata to eligible “no action” shareholders in amounts of HK$100 or more, and any unplaced rights shares will not be issued, reducing the size of the rights issue.

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