Weimob cancels Tranche 2B share subscription, cuts placement proceeds to HK$1.2 billion

Reuters03-30

Weimob cancels Tranche 2B share subscription, cuts placement proceeds to HK$1.2 billion

Weimob canceled Tranche 2B of its share subscription under general mandate because required designated-person notice was not received ahead of 12 April 2026 long-stop date.
Expected net proceeds from subscription were cut to about HK$1.2 billion from about HK$1.6 billion.
Proceeds allocation will be adjusted pro rata, with intended uses, proportions, and timeline otherwise unchanged.
Subscriber held less than 5% of issued shares, leaving it below substantial shareholder threshold.
Management did not expect non-completion to materially affect business, operations, or financial condition.

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. Weimob Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12080525), on March 30, 2026, and is solely responsible for the information contained therein.

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