AustAsia Group Ltd. Announces Results of Rights Issue with Prospectus Detailing Two-for-Five Share Offering

Reuters2025-08-04

AustAsia Group Ltd. Announces Results of Rights Issue with Prospectus Detailing Two-for-Five Share Offering

AustAsia Group Ltd. has announced the results of a rights issue detailed in its prospectus dated 14 July 2025. The issue is based on the allocation of two rights shares for every five existing shares held on the record date, and is conducted on a non-underwritten basis. The company, incorporated in Singapore, has clarified that the securities will not be offered or sold in the United States, as they are not registered under the US Securities Act. The board, led by Executive Chairman Mr. Tan Yong Nang, confirms the accuracy of the information provided and states there are no omissions that would render the announcement misleading.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AustAsia Group Ltd. published the original content used to generate this news brief on August 04, 2025, and is solely responsible for the information contained therein.

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.

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