Space Group Holdings (HKG:2448) received three valid applications for 11,729,391 rights shares, or 5.05% of the total number of rights offered under the rights issue, according to a Tuesday filing with the Hong Kong Exchange.
The deal was undersubscribed by about 220.4 million rights shares, representing roughly 95% of the total rights offered.
Previously, the company announced a 4-for-1 rights issue, selling about 232.1 million shares at HK$0.68 apiece.
Price (HKD): $0.80, Change: $, Percent Change: %
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