ISP Holdings announces non-underwritten rights issue to raise HKD 10.8m

ISP Holdings Limited announced a rights issue to raise gross proceeds of up to approximately HKD 10.83 million, assuming full subscription. The offering will be on the basis of one rights share for every two existing shares held by qualifying shareholders on the record date, at a subscription price of HKD 0.051 per rights share. Champ Key Holdings Limited, the controlling shareholder, has irrevocably committed to subscribing for 112,759,316 Rights Shares, representing its full entitlement.