Winto Group (Holdings) Limited (Stock Code: 8238) has announced a proposed rights issue on the basis of three new shares for every one existing share, aiming to raise up to approximately HK$52.25 million before expenses. The subscription price is set at HK$0.20 per rights share. The transaction will proceed on a non-underwritten basis and is subject to approval at an Extraordinary General Meeting (EGM) scheduled for 2 January 2026.
The maximum number of rights shares to be issued under this proposal is 261,273,600, which represents 300% of the existing issued shares. Subject to full subscription, the net proceeds of the rights issue are estimated at around HK$49.44 million. Of these net proceeds, approximately HK$32.27 million is earmarked for repaying outstanding liabilities, HK$9.75 million for implementing the Qingmao Port advertising project in Macau, and HK$7.41 million for general working capital.
In tandem with the rights issue, the company has entered into a placing agreement to place any unsubscribed rights shares to independent placees on a best-effort basis. The final subscription of the rights shares is contingent on regulatory clearances and fulfillment of conditions including the Stock Exchange’s approval for listing and permission to deal in the rights shares.
The register of members will be closed between 8 January 2026 and 14 January 2026 (both dates inclusive). Recording date for the rights issue entitlements will be 14 January 2026, while the latest time for acceptance and payment for allotted shares will be 29 January 2026. Subject to all conditions being met, dealings in fully paid rights shares are expected to commence on 27 February 2026.
Shareholders and potential investors are advised to be aware that the rights issue is conditional upon the necessary approvals and may or may not proceed. The company notes that dealing in shares during this period carries the risk that the issue may not become unconditional.
Comments