Zhongshen Jianye Holding(02503.HK): Rights Issue Results Announced with 100% Subscription Rate

NewTimeSpace · 2026/07/03 08:20 · By Jiayi Sun

NewTimeSpace News: Zhongshen Jianye Holdingannounced on July 2 that its rights issue on the basis of two rights shares for every one existing share held has achieved full 100% subscription. The unsubscribed portion of 525,531,870 rights shares was successfully placed to seven placees via a compensation arrangement, raising total gross proceeds of approximately HK$343 million.

NewTimeSpace News: On July 2, 2026, Zhongshen Jianye Holding(02503.HK) released the results of its rights issue. By the final acceptance deadline, the Company received 20 valid applications subscribing for 1,763,035,526 rights shares. The remaining unsubscribed 525,531,870 shares were placed to seven placees at HK$0.15 per share under a compensation arrangement, leading to a 100% subscription rate for the total 2,288,567,396 rights shares.

Total gross proceeds amount to roughly HK$343 million, with net proceeds around HK$342 million. The proceeds are planned to be allocated as follows: approximately HK$225 million (66%) to fund capital requirements and cash flow for new projects, about HK$68.3 million (20%) for debt repayment, and around HK$47.8 million (14%) as general working capital.

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