SHIN HWA WORLD: The rights issue was oversubscribed by approximately 3.69%
SHIN HWA WORLD announced that its rights issue was oversubscribed by approximately 3.69%. As of 4 PM on October 24, 2025, 19 valid acceptances have been received, involving 503 million shares of the rights issue, accounting for 27.58% of the total rights issue; at the same time, 15 additional applications involved 1.3897 billion shares, accounting for 76.12%. The total valid acceptances and applications amounted to 1.893 billion shares, exceeding the total rights issue by 103.69%. The total proceeds from the rights issue are approximately HKD 182.6 million, with a net amount expected to be around HKD 179 million
According to the announcement from SHIN HWA WORLD (00582), as of 4:00 PM on October 24, 2025 (the final deadline for accepting the rights shares and paying for the shares and applying for additional rights shares and paying for them): (i) 19 valid acceptances of the provisional allotment under the provisional allotment notification have been received, involving a total of 503 million rights shares, accounting for approximately 27.58% of the total 1.826 billion rights shares offered for subscription; (ii) 15 valid applications for additional rights shares under the additional application forms have been received, involving a total of 1.3897 billion rights shares, accounting for approximately 76.12% of the total 1.826 billion rights shares offered for subscription. After combining the calculations, 34 valid acceptances and applications involving 1.893 billion rights shares have been accepted and applied for, accounting for approximately 103.69% of the total 1.826 billion rights shares offered for subscription.
All conditions set forth in the rights issue prospectus have been met, and the rights issue became unconditional at 5:00 PM on October 27, 2025. The total amount raised from the rights issue is approximately HKD 182.6 million, with the net proceeds expected to be approximately HKD 179 million
