TASTY CONCEPTS (08096): The share offering was successfully accepted at approximately 33.8%.
Shangzhimi (08096) announced that the company has received a total of six valid applications based on the provisional allotment letter, involving a total of 97,572,100 shares for the rights issue, which amounts to approximately 33.8% of the total shares available for subscription under the rights issue. The rights issue will not result in any fractional allotments of the rights shares. According to the subscription results, 191 million rights shares (the placement shares) were not subscribed (equivalent to approximately 66.2% of the total rights shares available for subscription under the rights issue) and are subject to the terms of the compensation arrangement.
TASTY CONCEPTS (08096) announced that the company received a total of six valid applications and acceptances based on the provisional allocation notice, involving a total of 97,572,100 rights shares, equivalent to approximately 33.8% of the total rights shares available for subscription. The rights issue will not result in any fractional entitlement to the rights shares. According to the subscription results, 191 million unsubscribed rights shares (placement shares) (equivalent to approximately 66.2% of the total rights shares available for subscription) are subject to compensation arrangements.
As of the record date, there are no excluded shareholders. Therefore, there are no unsold rights shares attributed to excluded shareholders.
At 6:00 p.m. on Tuesday, July 28, 2026 (the final deadline for the placement agent to place the unsubscribed rights shares), a total of 191 million placement shares (equivalent to approximately 39.73% of the shares issued by the company immediately following the completion of the rights issue) were successfully placed to not less than six placees at a placement price of HKD 0.10 per share (which has no premium compared to the subscription price). As a result, the net proceeds per placement share under the compensation arrangement amount to zero, with no net proceeds being realized, and non-participating shareholders will not receive any net proceeds.
Based on the subscription results of the rights issue and the placement results of the compensation arrangement, a total of 289 million rights shares will be allotted and issued, equivalent to 100% of the total rights shares available for subscription. The total amount of funds raised from the rights issue (including the placement) is approximately HKD 28.9 million (before expenses).
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