JUFEEL (08611.HK): Results of rights issue on basis of one rights share for one share held, approximately 14.62% of rights shares allotted
NewTimeSpace News: On 26 August 2026, Jufeel International Holdings Limited (stock code: 08611) announced the results of the rights issue on the basis of one rights share for every one share held at a subscription price of HKD 0.60 per rights share. As at the latest time for acceptance, one valid acceptance was received for an aggregate of 26,594,196 rights shares, and 493,405,804 unsubscribed rights shares are subject to the compensation arrangements.
The announcement stated that, as at 6:00 p.m. on 19 August 2026 (the latest time for the placing agent to place the unsubscribed rights shares), an aggregate of 49,420,000 unsubscribed rights shares were successfully placed at HKD 0.60 per rights share (equivalent to the subscription price) to not fewer than six placees, and accordingly there is no net proceeds available for distribution to the non-acting shareholders under the compensation arrangements. Based on the acceptance results and placing results of the rights issue, 76,014,196 rights shares will be allotted and issued, representing approximately 14.62% of the total number of rights shares offered under the rights issue. Each placee is an independent third party, and no placee has become a substantial shareholder of the Company upon completion of the placing.
As all conditions of the rights issue as set out in the prospectus have been satisfied, the rights issue became unconditional at 4:00 p.m. on 19 August 2026. The total gross proceeds of the rights issue amounted to approximately HKD 45.6 million, with net proceeds of approximately HKD 43.0 million after deducting all related expenses. In terms of shareholding structure, the total issued shares will increase from 520,000,000 to 596,014,196 shares upon completion of the rights issue, with the aggregate shareholding of the controlling and substantial shareholders (Delicate Edge Limited, King Nordic Limited and executive director Cheung Wing Hin) diluted from 47.80% to 41.70%, and the public shareholding (including placees) increasing from 52.20% to 58.30%. Share certificates for fully paid rights shares are expected to be despatched on 27 August 2026, and trading of the rights shares on the Stock Exchange is expected to commence at 9:00 a.m. on 28 August 2026.
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