Luminor Financial’s Fully Subscribed Rights Issue Raises Working Capital Funds

Luminor Financial Holdings Limited ( (SG:5UA) ) has issued an announcement.

Luminor Financial Holdings has completed a non-renounceable, non-underwritten rights issue that was 110% subscribed, with valid acceptances and excess applications totaling 183.63 million rights shares. Excess applications from shareholders, excluding the undertaking shareholder, will be fully met, with the remaining excess shares allocated to the undertaking shareholder, and the new shares are expected to be allotted by 14 May 2026 and listed on Catalist around 18 May 2026.

The company raised net proceeds of about S$672,000 after offsetting a S$7.5 million shareholder loan and expenses, and plans to deploy these funds toward the group’s general working capital. Management has committed to periodic disclosures on the use of proceeds and will provide status reports in interim and annual results, while any invalid or unsuccessful applications will be refunded and the new shares will rank pari passu with existing shares for future distributions.

More about Luminor Financial Holdings Limited

Luminor Financial Holdings Limited is a Singapore-incorporated investment holding company listed on Catalist, operating through subsidiaries in the broader financial services space. The group focuses on capital-raising and funding activities to support its operations and general working capital needs in its target markets.

Average Trading Volume: 210,987

Technical Sentiment Signal: Hold

Current Market Cap: S$16.41M

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