SILKWAVE INC's Rights Issue Oversubscribed by 4.68%

Stock News03-02

SILKWAVE INC (Stock Code: 00471) announced that its rights issue became unconditional on Tuesday, February 3, 2026. The final acceptance deadline was 4:00 PM on Monday, February 23, 2026. The company received valid acceptances for a total of 255 million rights shares pursuant to the provisional allotment, representing approximately 70.90% of the 359.8 million rights shares available under the offer. Additionally, valid applications were received for 122 million additional rights shares, accounting for about 33.78% of the total shares offered. In aggregate, acceptances and applications for 377 million rights shares were approved, equivalent to 104.68% of the maximum 359.8 million rights shares available. Based on these results, the rights issue was oversubscribed by 16.8509 million shares, representing an oversubscription rate of approximately 4.68%. The net proceeds from the rights issue are estimated to be around HKD 162 million.

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