FilingReader Intelligence

Risecomm delays circular, revises timetable for share restructuring

July 9, 2025 at 05:03 PM UTCBy FilingReader AI

Risecomm Group Holdings has postponed the release of its circular regarding the proposed share consolidation, increase in authorized share capital, and rights issue, pushing the expected dispatch date to on or before July 23, 2025. The circular will contain detailed information on the corporate actions, a recommendation from the Independent Board Committee, and advice from the Independent Financial Advisor. The revised timetable outlines key dates, including the EGM on August 14, 2025 and the commencement of dealings in the consolidated shares on August 18, 2025. The rights issue is based on the allotment of five rights shares for every one consolidated share held on the record date and is to be conducted on a non-underwritten basis. The expected completion of placing is targeted for October 21, 2025. The company will notify shareholders and the Stock Exchange of any further changes to the expected timetable.

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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