China Shenghai Group Delays Rights Issue Timetable

China Shenghai Group Limited (HK:1676) has released an update.

China Shenghai Group Limited has announced a delay in the dispatch of its prospectus documents related to a proposed rights issue, which involves offering one rights share for every two existing shares. The delay is due to the need for additional time to prepare necessary financial information, pushing the expected timeline for the rights issue to mid-November 2024. Investors should note the updated schedule as it impacts key dates for the rights issue subscription and trading.

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