FDB HOLDINGS Announces 2-for-1 Rights Issue to Raise Approximately HKD 79.1 Million

Stock News
May 29

FDB HOLDINGS has proposed a rights issue on the basis of one new share for every two existing shares held. The subscription price is set at HKD 0.10 per new share. The company aims to issue up to 799 million new shares to eligible shareholders, with the goal of raising gross proceeds of up to approximately HKD 79.9 million, assuming no change in the number of issued shares before the record date. This offering is extended exclusively to eligible shareholders and will not be made available to any ineligible shareholders. The subscription price represents a discount of approximately 20.6% compared to the closing price of HKD 0.126 per share on the Hong Kong Stock Exchange on the last trading day. The estimated maximum net proceeds from the issue are approximately HKD 79.1 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10