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An update from EPI (Holdings) Limited ( (HK:0689) ) is now available.
EPI (Holdings) Limited has completed a rights issue on the basis of two rights shares for every one existing share, offering a total of 1,238,487,808 rights shares to shareholders. Valid acceptances and excess applications covered 58.55% of the offer, with 505,569,602 rights shares taken up through provisional allotments and 219,614,566 through excess applications.
The remaining 41.45% of the rights shares, amounting to 513,303,640 shares, were placed with 23 independent subscribers under a best-effort underwriting arrangement, resulting in the entire issue being fully subscribed. The transaction will generate gross proceeds of about HK$198.2 million, with estimated net proceeds of HK$192.7 million to be applied in line with previously stated funding purposes, strengthening the company’s capital base and supporting its planned business uses.
More about EPI (Holdings) Limited
EPI (Holdings) Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. It operates as an investment holding company, with its activities and capital-raising efforts focused on the Hong Kong market and governed by local securities regulations.
Average Trading Volume: 6,223,584
Technical Sentiment Signal: Buy
Current Market Cap: HK$453.3M
See more insights into 0689 stock on TipRanks’ Stock Analysis page.