SINO SPLENDID (08006):1.28 billion shares of unsubscribed shares and shares not sold by excluded shareholders have been successfully placed.

date
16:44 05/11/2025
avatar
GMT Eight
Huatai Ruixin (08006) announced that as of October 13, 2025 (Monday) at 4:00 PM (equivalent to...
SINO SPLENDID (08006) announced that as of 4:00 pm on October 13, 2025 (Monday), the company received a total of 33 valid applications for a total of 93.79 million shares for subscription, accounting for approximately 42.4% of the total number of shares offered. Therefore, the shares were not fully subscribed, with 128 million shares remaining unsubscribed, accounting for approximately 57.6% of the total shares offered. These shares will be disposed of according to compensation arrangements. As of 4:00 pm on October 28, 2025 (Tuesday) (the final deadline for the offering agent to distribute the unsubscribed shares and the shares not sold by excluded shareholders), all of the 128 million unsubscribed shares and shares not sold by excluded shareholders were successfully distributed at a price of HK$0.08 per share (equivalent to the subscription price) as per the distribution arrangements. Therefore, there were no net earnings available for distribution to non-participating shareholders under the compensation arrangement. As a result, the total amount raised from the offering (including distribution arrangements) is approximately HK$17.7 million, with a net amount of approximately HK$16.6 million after deducting expenses.