Zixin Group's Rights Cum Warrants Issue Closes with Total Applications at 148%; Shares Surge 5%

MT Newswires06-21

Zixin Group (SGX:42W) said at the close of its rights cum warrants issue, valid acceptances and valid excess applications for 213,364,195 rights shares with 853,456,780 warrants were received, according to a filing with the Singapore Exchange on Thursday.

The applications represent about 147.7% of the 144,481,810 rights shares with 577,927,240 warrants available for subscription under the issue. Valid acceptances, however, represent only 65.4%.

Earlier in March, the company had proposed to undertake a renounceable non-underwritten rights cum warrants issue of up to 144,481,810 new shares at an issue price of SG$0.0165 per rights share with up to 577,927,240 free detachable warrants.

Shares of the biotech firm surged over 5% in recent trading.

Price (SGD): S$0.02, Change: S$, Percent Change: +5.00%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2445160209?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-21 11:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2445160209","market":"sg","top_or_hot":-1,"title":"Zixin Group's Rights Cum Warrants Issue Closes with Total Applications at 148%; Shares Surge 5%","media":"MT Newswires","content":"<html><body><p> Zixin Group (SGX:42W) said at the close of its rights cum warrants issue, valid acceptances and valid excess applications for 213,364,195 rights shares with 853,456,780 warrants were received, according to a filing with the Singapore Exchange on Thursday.</p><p>The applications represent about 147.7% of the 144,481,810 rights shares with 577,927,240 warrants available for subscription under the issue. Valid acceptances, however, represent only 65.4%.</p><p>Earlier in March, the company had proposed to undertake a renounceable non-underwritten rights cum warrants issue of up to 144,481,810 new shares at an issue price of SG$0.0165 per rights share with up to 577,927,240 free detachable warrants.</p><p>Shares of the biotech firm surged over 5% in recent trading. </p><p>Price (SGD): S$0.02, Change: S$, Percent Change: +5.00%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zixin Group's Rights Cum Warrants Issue Closes with Total Applications at 148%; Shares Surge 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZixin Group's Rights Cum Warrants Issue Closes with Total Applications at 148%; Shares Surge 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 11:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zixin Group (SGX:42W) said at the close of its rights cum warrants issue, valid acceptances and valid excess applications for 213,364,195 rights shares with 853,456,780 warrants were received, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"42W.SI","symbol_name":"紫心集团控股有限公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2445160209","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445160209","pubTimestamp":1718940047,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Zixin Group  said at the close of its rights cum warrants issue, valid acceptances and valid excess applications for 213,364,195 rights shares with 853,456,780 warrants were received, according to a filing with the Singapore Exchange on Thursday.The applications represent about 147.7% of the 144,481,810 rights shares with 577,927,240 warrants available for subscription under the issue. Valid acceptances, however, represent only 65.4%.Earlier in March, the company had proposed to undertake a renounceable non-underwritten rights cum warrants issue of up to 144,481,810 new shares at an issue price of SG$0.0165 per rights share with up to 577,927,240 free detachable warrants.Shares of the biotech firm surged over 5% in recent trading. Price : S$0.02, Change: S$, Percent Change: +5.00%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"42W.SI":"紫心集团控股有限公司","BK6509":"食品和饮料股","BK6114":"包装食品与肉类"},"translate_title":"紫鑫集团配股暨认股权证发行结束，总申请率为148%；股价飙升5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"42W.SI":1},"content_text":"Zixin Group (SGX:42W) said at the close of its rights cum warrants issue, valid acceptances and valid excess applications for 213,364,195 rights shares with 853,456,780 warrants were received, according to a filing with the Singapore Exchange on Thursday.The applications represent about 147.7% of the 144,481,810 rights shares with 577,927,240 warrants available for subscription under the issue. Valid acceptances, however, represent only 65.4%.Earlier in March, the company had proposed to undertake a renounceable non-underwritten rights cum warrants issue of up to 144,481,810 new shares at an issue price of SG$0.0165 per rights share with up to 577,927,240 free detachable warrants.Shares of the biotech firm surged over 5% in recent trading. Price (SGD): S$0.02, Change: S$, Percent Change: +5.00%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445160209"}