FIRE ROCK plans to conduct a rights issue on a "2 for 1" basis
FIRE ROCK announced plans to conduct a rights issue on a "2 for 1" basis, issuing up to 96 million rights shares to eligible shareholders at a subscription price of HKD 1.58 per share, expecting to raise up to HKD 152 million. The net proceeds from the rights issue are expected to be approximately HKD 151 million, with an estimated net subscription price of HKD 1.57 per rights share. The rights issue will not be offered to ineligible shareholders
According to the announcement from FIRE ROCK (01909), the company proposes to issue up to 96 million rights shares to eligible shareholders at a subscription price of HKD 1.58 per rights share, based on the basis of 1 rights share for every 2 shares held on the record date, to raise up to HKD 152 million (before expenses) (assuming that there is no change in the issued share capital of the company on or before the record date, and all eligible shareholders fully subscribe for their respective allocated rights shares). The rights issue will not be offered to ineligible shareholders. The net proceeds from the rights issue (after estimated expenses) are expected to be approximately HKD 151 million (assuming that there is no change in the issued share capital of the company on or before the record date, and all eligible shareholders fully subscribe for their respective allocated rights shares). The estimated net subscription price per rights share (after deducting rights issue-related expenses) is expected to be approximately HKD 1.57
