WT Group (08422.HK) Plans "1 for 2" Rights Issue to Raise up to 24 million Hong Kong Dollars

NightAirdropper · 2026-03-24T02:27:51+00:00

WT Group Announcement: The Board of Directors proposes a rights issue at a ratio of 2 new shares for every 1 share held, at a subscription price of HK$0.10 per share. The company plans to issue 240,000,000 shares to raise a maximum of HK$24 million. The proceeds will be used for project costs and working capital. The rights issue is only available to qualified shareholders.

NightAirdropper

2026-03-24 02:27:51

Abstract generation in progress

GK-Hui March 20 | WT Group (08422.HK) announced that the board of directors recommends, based on the record date, to issue 240,000,000 rights shares at a subscription price of HKD 0.10 per share, with each existing share held on the record date entitling the holder to two (2) rights shares. This will raise up to HKD 24 million. The rights issue is only available to eligible shareholders and will not be offered to excluded shareholders (if any).

If all rights are subscribed, the estimated net proceeds (after deducting costs and expenses related to the rights issue) will be approximately HKD 22.5 million (assuming no further issuance of new shares or share buybacks before or on the record date). The company plans to use the net proceeds for (i) pre-operating costs and working capital for various stages of group projects; (ii) general working capital of the group. The rights issue has no minimum subscription level or minimum fundraising amount.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.