Hong Wei Asia to Place 199 Million Unsubscribed Rights Shares

Stock News

Jul 03

Hong Wei Asia Holdings Limited (HONG WEI ASIA) (08191) has announced an update regarding its rights issue.

As of 4:00 p.m. on Tuesday, June 23, 2026, which was the final acceptance deadline, the company received a total of one valid application and acceptance based on the provisional allotment letter.

This application was for a total of 95.708 million rights shares, representing approximately 32.46% of the shares available for subscription under the rights issue.

As of the record date, there were no excluded shareholders, and the number of unsubscribed shares by excluded shareholders was zero.

The remaining 199 million unsubscribed rights shares, which constitute about 67.54% of the total shares offered in the rights issue, will now be subject to a placement arrangement.

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