ZHONG JIA GX(00899) plans a 1-for-2 rights issue.

date
15/09/2025
avatar
GMT Eight
China Agri-Industries Holdings Limited (00899) announced that the Board of Directors recommends that a one-for-one bonus issue be made to eligible shareholders on the record date...
ZHONG JIA GX (00899) announced that the Board of Directors recommends issuing 2.97 billion rights shares at a subscription price of HK$0.146 per rights share, with a total fundraising amount of approximately HK$43.33 million (before expenses), based on the basis of 2 rights shares for every 1 share held by eligible shareholders on the record date. The rights issue is only offered to eligible shareholders and will not be extended to ineligible shareholders. The subscription price of HK$0.146 per rights share represents a discount of approximately 33.64% compared to the closing price of HK$0.2200 per share on September 15, 2025. Assuming that the total issued share capital of the company has not changed before or on the record date and all rights are accepted, the net proceeds from the rights issue (after estimated expenses) are estimated to be approximately HK$41.16 million.