HK Economic Times Correspondent reported on the 7th that Hong Kong Robot (00370) is currently down 8.6%, trading at HK$0.233, with approximately 2.96 million shares traded, involving about HK$700,000.
Hong Kong Robot announced that its rights issue has been fully subscribed. Since all conditions precedent set out in the underwriting agreement have been satisfied, the rights issue has become unconditional, raising approximately HK$220 million in total proceeds. The shareholding of six directors has been diluted from 30.6% to 21.08%, while the underwriter and/or its arranged subscribers hold 26.9%.
The group stated that 16 applications involving approximately 200 million rights shares have been accepted, representing a subscription rate of about 19.3%. The rights issue was undersubscribed, with approximately 846 million rights shares unsubscribed, accounting for about 80.7% of the total available rights shares. The unsubscribed rights shares have been fully taken up by independent subscribers arranged by the underwriter. (nw)
Hong Kong Robot announced that its rights issue has been fully subscribed. Since all conditions precedent set out in the underwriting agreement have been satisfied, the rights issue has become unconditional, raising approximately HK$220 million in total proceeds. The shareholding of six directors has been diluted from 30.6% to 21.08%, while the underwriter and/or its arranged subscribers hold 26.9%.
The group stated that 16 applications involving approximately 200 million rights shares have been accepted, representing a subscription rate of about 19.3%. The rights issue was undersubscribed, with approximately 846 million rights shares unsubscribed, accounting for about 80.7% of the total available rights shares. The unsubscribed rights shares have been fully taken up by independent subscribers arranged by the underwriter. (nw)
