Yuzhou Group Holdings Co., Ltd. (HK:1628) has released an update.
Yuzhou Group Holdings is planning a rights issue, offering 49 Rights Shares for every 100 existing shares at a discounted price of HK$0.035 per share, aiming to raise approximately HK$112.2 million. The funds are intended to support debt restructuring and operational needs, with major shareholders committing to subscribe to their full entitlement. This initiative is set to proceed on a non-underwritten basis, ensuring flexibility regardless of shareholder participation levels.
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