Asia Television Holdings Limited (HK:0707) has released an update.
Asia Television Holdings Limited reported a subscription rate of approximately 21.44% for its Rights Issue, with the remaining 78.56% of unsubscribed shares to be managed through Compensatory Arrangements. The company has arranged for these unsubscribed shares to be placed with independent placees, ensuring benefits for shareholders initially offered the rights. There were no provisions for excess applications, and any net gains from the placement will be distributed proportionately to shareholders who did not take action.
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