HG SEMI (06908) plans to offer a 36% discount on a "4-for-1" basis for its rights issue.

HG SEMI (06908) announced that the board of directors proposed a rights issue at a subscription price of HK$0.48 per share under a "4 for 1" basis, representing a discount of approximately 36% compared to the closing price of HK$0.750 per share on the last trading day on the Stock Exchange. The net proceeds from the rights issue (assuming full subscription) are estimated to be approximately HK$89 million (assuming no change in the total number of issued shares from the announcement date until the record date, including that date). In addition, the board of directors has decided to change the trading unit of shares on the Stock Exchange from 1,000 shares to 5,000 shares, effective from 9:00 am on December 17, 2024 (Tuesday).