ZHONGZHENG INTL's rights issue shares received valid acceptance of 82.7%
ZHONGZHENG INTL announced that of its 573 million shares offered for subscription, it has received valid acceptances for 474 million shares, accounting for 82.7%. The 98.8864 million shares that were not fully subscribed will be subject to compensation arrangements. Subscriber I, II, and Mr. Yang subscribed for 200 million shares, 147 million shares, and 52.5704 million shares, respectively. The company will present the unallocated shares for sale to the underwriters, with the beneficiaries being the relevant non-action shareholders
According to the announcement from ZHONGZHENG INTL (00943), the number of rights shares offered for subscription is 573 million shares. As of 4:00 PM on August 12, 2025 (Tuesday), a total of 474 million shares have been validly accepted in 17 applications, accounting for approximately 82.7% of all rights shares. Therefore, 98.864 million rights shares were not fully subscribed, accounting for approximately 17.3% of all rights shares, and these shares will be subject to compensation arrangements.
According to the irrevocable commitments, Subscriber I, Subscriber II, and Mr. Yang have subscribed for 200 million shares, 147 million shares, and 52.5704 million shares of the rights shares, respectively.
In accordance with Listing Rule 7.21(1)(b), the company has arranged to offer the unsubscribed rights shares to the underwriters for sale, with the beneficiaries of the unsubscribed rights shares being the relevant non-action shareholders to whom the rights shares were offered
