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Miji International Holdings Limited ( (HK:1715) ) just unveiled an update.
Volcano Spring International Holdings Limited, incorporated in the Cayman Islands, announced the results of its Rights Issue, revealing that only 9.74% of the offered Rights Shares were subscribed, leaving 90.26% unsubscribed. To address this, the company has arranged for the unsubscribed shares to be offered to independent placees, with any premium realized to be distributed to shareholders on a pro-rata basis. This move aims to mitigate the under-subscription impact and adjust the Rights Issue size accordingly.
More about Miji International Holdings Limited
Average Trading Volume: 606,011
Technical Sentiment Signal: Sell
Current Market Cap: HK$136.8M
See more insights into 1715 stock on TipRanks’ Stock Analysis page.