Mindtell Tech: Rights Issue Receives 5.11% Take-Up; 493.41 Million Shares to Be Placed

Bulletin Express
Aug 06

Jufeel International Holdings Limited (Mindtell Tech) disclosed that its one-for-one rights issue at HK$0.60 per share attracted valid acceptances for 26.59 million shares as of the 30 July 2026 deadline, equal to 5.11% of the 520.00 million shares on offer.

Unsubscribed rights shares total 493.41 million, or 94.89% of the offer. In line with GEM Listing Rule 10.31(1)(b), these shares will be disposed of through compensatory arrangements. The appointed placing agent has until 6:00 p.m. on 19 August 2026 to place the stock with independent investors on a best-effort basis. Net proceeds above the aggregate of the subscription price and placing expenses (the “Net Gain”) will be returned to non-participating shareholders on a pro-rata basis; individual entitlements of HK$100 or less will be retained by the company.

The rights issue proceeds on a non-underwritten basis, and any shares that remain unplaced will not be issued, thereby reducing the final size of the fundraising. The company expects to release the final placement results and any Net Gain distribution details on 26 August 2026.

Management reiterated that completion of the rights issue remains subject to outstanding conditions, and shareholders are advised to exercise caution when trading the company’s shares until the process becomes unconditional.

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