EASYHOLD GROUP (01703) has announced a proposed rights issue, with the board recommending that eligible shareholders receive one rights share for every existing share held on the record date.
The subscription price is set at HKD 0.50 per rights share. Based on the current total of 138 million issued shares, the company expects to issue up to 138 million rights shares, raising a maximum of approximately HKD 69 million before expenses.
The subscription price of HKD 0.50 per share represents a discount of approximately 48.98% to the closing price of HKD 0.98 per share on the last trading day on the Stock Exchange.
The record date is currently expected to be Thursday, September 24, 2026. The rights issue will be provisional and non-underwritten, meaning it will not be underwritten by any third party. If the rights issue is undersubscribed, its size will be reduced accordingly.
After deducting estimated expenses related to the rights issue, the net proceeds are estimated to be approximately HKD 66.9 million, assuming no change in the total number of issued shares from the date of this announcement up to and including the record date.
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