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Far East Holdings International Ltd. ( (HK:0036) ) just unveiled an announcement.
Far East Holdings International Limited announced the results of its Rights Issue, where shareholders were offered two rights shares for every share held. The company received valid applications for approximately 62.26% of the offered shares, leaving 37.74% unsubscribed. These unsubscribed shares will be placed with independent investors through compensatory arrangements, potentially yielding a net gain for shareholders who did not take action. The outcome of this placement and any net gains will be announced on February 11, 2025. The company cautions that the Rights Issue and Placing are subject to certain conditions, which, if unmet, may hinder their progress.
More about Far East Holdings International Ltd.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €13.3M
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