WINTO GROUP (08238) Proposes 1-for-3 Rights Issue to Raise Approximately HK$49.44 Million

Stock News11-07

WINTO GROUP (08238) announced a proposed rights issue on the basis of 3 new shares for every 1 existing share held by eligible shareholders as of the record date. The subscription price is set at HK$0.20 per rights share, aiming to issue up to 261 million shares (assuming no further changes in the issued share capital before the record date). The gross proceeds are expected to reach approximately HK$52.25 million (before expenses), with estimated net proceeds of around HK$49.44 million.

The rights issue will be conducted on a non-underwritten basis, meaning it will proceed regardless of the level of acceptance of the provisional allotments. The offer will not be extended to excluded shareholders, and no additional application arrangements will be made. The subscription price represents a discount of about 6.98% compared to the closing price of HK$0.215 per share on the last trading day on the Hong Kong Stock Exchange.

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