CHI KINGSTONE(01380): The subscription for the rights issue fell short by approximately 97.41%.

date
13/02/2025
avatar
GMT Eight
CHI KINGSTONE (01380) announced that as of 4:00 pm on February 11, 2025 (Tuesday) (the deadline for accepting the subscription shares and payment of the subscription price), a total of five valid applications have been received and accepted under the provisional allotment notice, involving a total of 2,638,069 subscription shares, representing approximately 2.59% of the total number of subscription shares offered for sale. Based on the subscription results, the subscription was not fully subscribed, and the number of unsubscribed shares was 99,344,857 shares, accounting for approximately 97.41% of the total number of subscription shares offered for sale. In accordance with Listing Rule 7.21(1)(b), the company has made arrangements for compensation by selling the 99,344,857 unsubscribed subscription shares to independent underwriters, with the proceeds allocated to the relevant non-taking action shareholders. There are no additional application arrangements for the subscription.

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