FEG Holdings Delays Prospectus Dispatch and Revises Rights Issue Timetable

The latest update is out from Kwong Luen Engineering Holdings Limited ( (HK:1413) ).

FEG Holdings Corporation has postponed the dispatch of prospectus documents for its proposed rights issue, which offers one rights share for every two shares held on the record date, to allow more time to prepare and finalize the information to be included. As a result, the timetable for key rights issue milestones, including trading of nil-paid rights shares, acceptance and payment deadlines, placing of unsubscribed shares, and commencement of dealings in fully paid rights shares, has been revised, affecting the schedule for shareholders to participate and for the company to complete its capital-raising exercise.

The prospectus will now be sent to qualifying shareholders on 8 May 2026, with trading in nil-paid rights shares starting on 12 May 2026 and the latest time for acceptance and payment set for 22 May 2026. Placing of unsubscribed and non-qualifying shareholders’ unsold rights shares will commence on 28 May 2026, with final placing, potential termination, announcement of results, and the start of trading in fully paid rights shares stretching into early to mid-June, signaling a modest delay but a clarified path for the completion of the rights issue process.

More about Kwong Luen Engineering Holdings Limited

FEG Holdings Corporation Limited is a company incorporated in the Cayman Islands with limited liability and listed on the Hong Kong Stock Exchange. The group operates as an investment holding company, with its shares traded under stock code 1413, and raises capital from public shareholders through equity market transactions such as rights issues.

Average Trading Volume: 968,754

Technical Sentiment Signal: Sell

Current Market Cap: HK$91.84M

See more data about 1413 stock on TipRanks’ Stock Analysis page.