FilingReader Intelligence

Yues International rights issue sees 93.53% subscription rate

May 2, 2025 at 05:06 PM UTCBy FilingReader AI

Yues International Holdings Group Limited (HKEX:1529) announced the results of its rights issue, revealing a subscription rate of approximately 93.53%. By the latest time for acceptance on April 24, 2025, the company received valid acceptances and applications for 499,123,960 rights shares out of the total 533,664,000 rights shares offered. The company outlined that there were 34,540,040 unsubscribed Rights Shares that it made arrangements to dispose of for the benefit of No Action Shareholders. The placing of unsubscribed shares will commence on May 6, 2025, and conclude on May 8, 2025, with results and Net Gain details to be announced on May 15, 2025. The company has appointed SBI China Capital Financial Services Limited as the Placing Agent and has compensatory arrangements in place for shareholders who did not take up their rights. The announcement cautioned shareholders and potential investors regarding risks associated with dealing in the shares and advised consulting professional advisors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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