CH DEMETER FIN: Received 3 valid acceptances involving a total of 7.2149 million rights shares
CH DEMETER FIN received 3 valid acceptances on February 14, 2025, subscribing for 7.2149 million rights shares, accounting for 15.97% of the total available for subscription. The shortfall in the rights subscription was 37.9592 million shares, accounting for 84.03% of the total. The unsubscribed shares will be allocated from February 21 to March 3, 2025, at an allocation price of HKD 0.345 per share, successfully allocated to no less than six assignees, with no net proceeds distributed to non-participating shareholders under the compensation arrangement
According to the announcement from CH DEMETER FIN (08120), on February 14, 2025 (Friday) at 4:00 PM (the deadline for accepting subscription shares), a total of 3 valid acceptances were received, subscribing for a total of 7.2149 million subscription shares, accounting for approximately 15.97% of the total subscription shares available for subscription. No fractional allocation of subscription shares will be generated under the subscription.
Therefore, the shortfall in subscription amounts to 37.9592 million subscription shares, accounting for approximately 84.03% of the total subscription shares available for subscription. As of the record date, there was one ineligible shareholder holding 1 share of unallocated subscription shares. The 37.9592 million unallocated subscription shares and 1 share of unallocated subscription shares held by the ineligible shareholder were subsequently allocated by the placement agent under the compensation arrangement from February 21, 2025 (Friday) to March 3, 2025 (Monday).
The 37.9592 million unallocated subscription shares and the unallocated shares held by the ineligible shareholder (placement shares, accounting for approximately 84.03% of the total subscription shares available for subscription) have been successfully placed by the placement agent at a placement price of HKD 0.345 per subscription share (the same as the subscription price) to no less than six subscribers. Therefore, there are no net proceeds available for distribution to non-participating shareholders under the compensation arrangement
