Mindtell Tech Successfully Places 49.42 Million Unsubscribed Rights Shares

Stock News

Aug 26

Mindtell Tech (08611) has announced the successful placement of its unsubscribed rights shares, marking a significant milestone in its capital-raising exercise.

As of 6:00 PM on Wednesday, August 19, 2026, which was the deadline for the placing agent to place the unsubscribed rights shares, a total of 49.42 million such shares were successfully allotted to no fewer than six placees at a price of HK$0.60 per share, matching the subscription price.

Consequently, there is no net proceeds available for distribution to inactive shareholders under the compensation arrangement. Following the acceptance results of the rights issue and the placement outcome, a total of 76.01 million rights shares will be allotted and issued, representing approximately 14.62% of the total rights shares available for subscription under the offering.

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