ZHENGWEI GROUP Rights Issue Attracts Valid Applications and Acceptances of About 36.13%

Stock News
Oct 06

ZHENGWEI GROUP (02147) has released an announcement stating that, as at the record date, (i) the number of rights shares offered under the rights issue was 403 million; and (ii) there were no ineligible shareholders, and the number of unallocated rights shares belonging to ineligible shareholders was zero.

The board of directors announced that, as at 4:00 p.m. on Monday, October 5, 2026 (being the latest time for acceptance), a total of 9 valid acceptances had been received, covering a combined 146 million rights shares, representing approximately 36.13% of the total number of shares offered. Accordingly, the rights issue was undersubscribed, with 258 million rights shares remaining unsubscribed, representing approximately 63.87% of the total number of shares offered, and these shares will be subject to the compensatory arrangements.

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