Zixin Group Allots and Issues Rights Cum Warrants to Subscribers; Shares Down 5%

MT Newswires06-25

Zixin Group (SGX:42W) said that 144,481,810 rights shares and 577,927,240 warrants were allotted and issued by the company pursuant to its rights cum warrants issue, according to a filing with the Singapore Exchange on Monday.

Following the allotment and issuance of 144,481,810 rights Shares, the total number of issued shares has increased from 1,444,818,100 shares to 1,589,299,910 shares.

The rights shares were listed and quoted on the Catalist board on June 25, the filing added.

Shares of the company were down nearly 5% in recent trading.

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