CH CASTSON 81 (00810) intends to make a "2 for 5" rights issue.
China Zhucheng 81 (00810) has announced that the company recommends a basis of 5 shares for every 2 shares held on the record date to subscribe for 5 rights shares at a subscription price of 0.102 Hong Kong dollars per rights share, issuing a maximum of approximately 509 million rights shares to raise a total amount of about 51.93 million Hong Kong dollars (assuming full subscription of the rights shares and no change in the number of issued shares on or before the record date). The rights issue is only open to eligible shareholders and will not be offered to excluded shareholders (if any).
CH CASTSON 81 (00810) announces that the company recommends that for every 2 shares held on the record date, shareholders will be entitled to subscribe for 5 rights shares at an issue price of HK$0.102 per rights share, with a maximum of approximately 509 million rights shares to raise a total amount of approximately 519.3 million Hong Kong dollars (assuming full subscription of the rights shares and no change in the number of issued shares as of the record date or before). The rights issue is only open to eligible shareholders and will not be offered to excluded shareholders (if any).
It is estimated that the net proceeds from the rights issue (after deduction of all related expenses) will be approximately 49.24 million Hong Kong dollars (assuming full subscription of the rights shares and no change in the number of issued shares as of the record date or before). The net price per rights share (after deduction of expenses related to the rights issue) will be approximately HK$0.0967 (assuming full subscription of the rights shares and no change in the number of issued shares).
Assuming full subscription of the rights shares and no change in the number of issued shares as of the record date or before, the company intends to utilize approximately 70% (or approximately 34.47 million Hong Kong dollars) of the net proceeds from the rights issue to invest in listed securities and unlisted securities, including but not limited to artificial intelligence, digital assets, and/or new energy sectors; and approximately 30% (or approximately 14.77 million Hong Kong dollars) for the general working capital of the group, including payment of staff costs, professional fees, administrative expenses, and other operational expenses.
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