MMG Limited Rights Issue Overwhelmingly Oversubscribed

MMG (HK:1208) has released an update.

MMG Limited has announced the successful completion of their Rights Issue, with an impressive 98.18% acceptance rate for the 3,465,432,486 Rights Shares offered at HK$2.62 each. The offering was significantly oversubscribed, receiving applications for 184.21% of the available Rights Shares, leading to full discharge of the Joint Underwriters’ obligations. Share certificates and refund cheques for the Rights Issue are expected to be dispatched on July 15, 2024, with trading of the fully-paid Rights Shares to commence on the Hong Kong Stock Exchange on July 16, 2024.

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