---
title: "XINMING CHINA: 62.26 million unsubscribed shares have been successfully placed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250631474.md"
description: "XINMING CHINA announced that 62.26 million unsubscribed shares have been successfully placed, with a placement price of HKD 1.12 per share. There were a total of 8 valid applications for this placement, with a total application of 12.8849 million shares, accounting for approximately 17.15% of the total rights issue. The placement will end on July 21, 2025, and the net proceeds from the unsubscribed shares will not be distributed to non-action shareholders and ineligible shareholders"
datetime: "2025-07-29T15:11:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250631474.md)
  - [en](https://longbridge.com/en/news/250631474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250631474.md)
---

# XINMING CHINA: 62.26 million unsubscribed shares have been successfully placed

According to the announcement from XINMING CHINA (02699), on July 8, 2025 (Tuesday) at 4:00 PM (the final acceptance deadline), a total of 8 valid applications were received, involving a total of 12.8849 million rights issue shares, accounting for approximately 17.15% of the total number of rights issue shares offered.

Based on the results of the above valid acceptances and applications, the total number of unsubscribed shares involved in the compensation arrangement and the shares not sold to ineligible shareholders will be 62.26 million rights issue shares.

The Board of Directors hereby announces that on July 21, 2025 (Monday) at 4:00 PM (the end date of the placement), a total of 62.26 million unsubscribed shares were successfully placed to no less than 6 placees at a placement price of HKD 1.12 per share, equivalent to the subscription price. Therefore, there will be no net proceeds from the placement that can be distributed to non-action shareholders and ineligible shareholders

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