Anchorstone Seeks Major Capital Expansion Through Rights Issue and Loan Set-Off
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Anchorstone Holdings Limited (HK:1592) plans a significant capital expansion through a rights issue and loan set-off. An extraordinary general meeting is scheduled for April 8, 2026, to seek approval for increasing its authorized share capital from HK$50 million to HK$400 million. The company proposes issuing up to 1,158,221,124 new shares at HK$0.105 each, with a rights offering of four shares for every existing share. The chairman's subscription amount will offset an existing loan, enhancing the company's equity position. The latest analyst rating for the stock is a Sell with a target price of HK$0.16.
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