WINTO GROUP (08238) plans a "1 for 3" rights issue, aiming to raise approximately HK$49.44 million.

WINTO GROUP (08238) announced that the company plans to issue up to 261 million shares through a rights issue at a subscription price of HK$0.20 per share, with a ratio of 1 share for every 3 shares held by eligible shareholders on the record date. The rights issue is expected to raise up to approximately HK$52.25 million (before expenses), with net proceeds of approximately HK$49.44 million. The rights issue will be non-underwritten and will not be offered to shareholders who are not eligible. There will be no additional application arrangements for the rights issue. The subscription price represents a discount of approximately 6.98% to the closing market price of HK$0.215 per share on the last trading day on the Stock Exchange.