Guan Chao Holdings Under-Subscribed Rights Issue Strategy

Guan Chao Holdings Limited (HK:1872) has released an update.

Guan Chao Holdings Limited’s recent Rights Issue was under-subscribed, with only 38.33% of the offered Rights Shares being validly accepted. The company will employ compensatory arrangements to place the remaining 61.67% of Rights Shares to independent investors, aiming to benefit existing shareholders. Any unplaced shares will not be issued, resulting in a reduced Rights Issue size.

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