Shin Hwa World Limited (HK:0582) has released an update.
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Shin Hwa World Limited has announced the results of their Rights Issue, which was undersubscribed by approximately 43.77%. To address the shortfall, the underwriter successfully procured subscribers for the remaining shares, ensuring that the total offering was fully subscribed. The company anticipates a gross proceed of HK$263.7 million from the Rights Issue, with net proceeds estimated at HK$258.6 million to be applied as outlined in their Prospectus.
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