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The latest update is out from Power Financial Group Limited ( (HK:0397) ).
Minerva Group Holding Limited has announced a delay in the despatch of its prospectus for a proposed rights issue, previously scheduled to be sent to qualifying shareholders on 15 May 2026. The rights issue, offering one rights share for every two existing shares at HK$0.038 per share on a non-underwritten basis, remains planned but will now follow a revised timetable to be announced later.
The company cited the need for additional time to prepare and finalise information in the prospectus as the reason for the delay, which in turn affects the original schedule for the capital-raising exercise. This postponement introduces timing uncertainty for shareholders and may slightly slow Minerva’s plans to strengthen its capital base, though the board has committed to updating the market as soon as practicable.
More about Power Financial Group Limited
Minerva Group Holding Limited is a Bermuda-incorporated company listed on the Stock Exchange of Hong Kong under stock code 397. The group operates as an investment holding company, though this announcement does not specify its principal business lines or core operating segments.
Average Trading Volume: 1,658,216
Technical Sentiment Signal: Sell
Current Market Cap: HK$100.4M
Learn more about 0397 stock on TipRanks’ Stock Analysis page.