Asia Television Holdings Limited (HK:0707) has released an update.
Asia Television Holdings Limited, listed on the Hong Kong Stock Exchange under stock code 707, has announced a proposed rights issue, offering one new share for every two shares held at a subscription price of HK$0.10 per rights share. The initiative aims to raise between approximately HK$65.55 million and HK$71.24 million, depending on the exercise of share options, and will proceed on a non-underwritten basis without the extension to non-qualifying shareholders. There are no arrangements for oversubscription, but the company will make compensatory arrangements for unsubscribed rights shares.
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