Hao Bai International (Cayman) Limited (Stock Code: 8431) announced a delay in the dispatch of a circular related to its proposed Rights Issue. The circular, initially scheduled for release on or before 31 October 2025, is now expected to be dispatched on or before 28 November 2025. The revised timetable also affects the Extraordinary General Meeting (EGM) and subsequent steps for the Rights Issue and Placing Agreement.
According to the revised schedule, shareholders must lodge transfer documents by 11 December 2025 to qualify for attending and voting at the EGM, which will be held on 18 December 2025. The register of members will close from 12 December 2025 to 18 December 2025. The last day of dealings in the company’s shares on a cum-rights basis is set for 19 December 2025, with the ex-rights date commencing on 22 December 2025. Transfers to qualify for the Rights Issue must be lodged by 4:30 p.m. on 23 December 2025 before the register of members closes again from 24 December 2025 to 2 January 2026. The record date for entitlements is 2 January 2026, and the register of members is expected to reopen on 5 January 2026, when the Prospectus Documents will be dispatched to Qualifying Shareholders.
Dealings in nil-paid Rights Shares are anticipated to begin on 7 January 2026, and splitting of the Provisional Allotment Letters (PALs) must be completed by 9 January 2026. The last day of dealings in nil-paid Rights Shares is 14 January 2026, while acceptance and payment must be finalized by 19 January 2026. Should there be any unsubscribed or unsold Rights Shares, the Placing Period is set from 23 January 2026 to 30 January 2026, with settlement expected on 5 February 2026, if the Rights Issue becomes unconditional by 2 February 2026.
The company plans to announce the results of the Rights Issue on 6 February 2026, with dispatch of fully-paid share certificates or refund cheques (in the event of termination) on 9 February 2026. Dealings in fully-paid Rights Shares are anticipated to commence on 10 February 2026, and any Net Gain to relevant shareholders is expected to be paid by 16 February 2026.
The announcement emphasizes that the Rights Issue may not proceed if its conditions are not met. Parties considering dealing in the shares and/or any nil-paid Rights Shares are advised that such activity carries the risk that the Rights Issue might not become unconditional.
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