XJ INTL HLDGS raised approximately HKD 87.4 million from the issuance of a rights offering
XJ INTL HLDGS successfully placed the rights issue shares on September 15, 2025, with no unallocated shares successfully placed. The total number of rights issue shares is 444,792,885 shares, raising a total of approximately HKD 89 million, with a net amount of approximately HKD 87.4 million. The company plans to use the net proceeds to repay the payment obligations of convertible bonds
According to the news from Zhitong Finance APP, XJ INTL HLDGS (01765) announced that on September 15, 2025 (Monday) at 4:00 PM (the final deadline for the placement agent to place the shares), no unsubscribed rights shares were successfully placed to any subscribers. Therefore, according to the arrangement for unsubscribed shares, there are no net proceeds available for distribution to non-participating shareholders.
Based on the acceptance results of the rights issue and the placement results of the unsubscribed arrangement, a total of 444,792,885 rights shares (including unsubscribed rights shares) will be allotted and issued, accounting for 64.9% of the total number of rights shares offered for subscription under the rights issue.
The total amount raised from the rights issue (including the unsubscribed arrangement) is approximately HKD 89 million, while the net proceeds from the rights issue (after deducting all related expenses) are approximately HKD 87.4 million. The company intends to use the net proceeds to fulfill its payment obligations under the outstanding convertible bonds
