MOG DIGITECH (01942) has successfully accepted approximately 27.73% of the rights issue.

date
18:51 18/08/2026
avatar
GMT Eight
Marco Digital Technology (01942) announced that as of the record date, the total number of issued shares was 1.372 billion shares, and the maximum number of offer shares to be issued under the rights issue is 686 million shares.
MOG DIGITECH (01942) announced that as of the record date, the total number of issued shares is 1.372 billion, and the maximum number of shares to be issued under the rights offering is 686 million shares. (i) As of the record date, there are no ineligible shareholders; therefore, there are no unsold rights shares involving ineligible shareholders; and (ii) as of 4:00 PM on Tuesday, August 11, 2026 (the final acceptance deadline), the company has received a total of four (4) valid applications and acceptances for provisional allocations under the provisional allocation notifications, involving a total of 190 million rights shares offered under the rights issue, accounting for approximately 27.73% of the total rights shares available for subscription under the rights issue. As a result, the rights subscription was undersubscribed, with 496 million rights shares not subscribed, accounting for approximately 72.27% of the total rights shares available for subscription under the rights issue, and compensation arrangements will be made. According to Listing Rule 7.21(1)(b), the company has made arrangements to sell such unsold rights shares (placement shares) by presenting the 496 million unsold rights shares to independent placers, benefiting the shareholders who are entitled to those unsold rights shares through the rights issue. As disclosed in the rights issue prospectus, the company has appointed a placement agent to place the unsold rights shares to independent placers on a best-efforts basis during the placement period, and any premium achieved above the subscription price of such rights shares will be distributed proportionally to those non-acting shareholders. The placement agent will, on a best-efforts basis, facilitate the placers to subscribe for all (or as many as possible) of the unsold rights shares by 4:00 PM on Tuesday, August 25, 2026. Any unsold rights shares not allocated under the compensation arrangement will not be issued by the company, and the scale of the rights issue will be correspondingly reduced. Net proceeds (if any) will be paid proportionally (but rounded down to the nearest cent) to non-acting shareholders and ineligible shareholders (without interest) as follows: A. Relevant eligible shareholders (or relevant persons holding any unpaid rights at the time of the expiration of pertinent unpaid rights), whose unpaid rights have not been validly applied for in full, will receive payments based on the proportion of their shares represented by the unpaid rights that were not validly applied for; and B. Referring to the relevant proportion of shareholding of ineligible shareholders in the company as of the record date. If any net proceeds entitle any non-acting shareholder or ineligible shareholder to receive an amount of HKD 100 or more under the above criteria, the relevant amount will only be paid to the relevant non-acting shareholders and ineligible shareholders in HKD, while the company will retain individual amounts of HKD 100 or less as its earnings.