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Asia Commercial Holdings Ltd Announces Results Of Rights Issue


Wednesday, 6 Feb 2013 11:01pm EST 

Asia Commercial Holdings Ltd announced that on January 30, 2013, being the latest time for acceptance of and payment for the Rights Shares, a total of 393 valid acceptances in respect of 997,015,477 Rights Shares provisionally allotted under the Rights Issue were received, representing approximately 97.26% of the total number of the Rights Shares available for subscription under the Rights Issue. Based on the above acceptance results, the Rights Issue was under-subscribed by 28,134,353 Rights Shares, representing approximately 2.74% of the total number of 1,025,149,830 Rights Shares. Pursuant to the Underwriting Agreement and the sub-underwriting arrangements, the Underwriter will subscribe for 28,134,353 Rights Shares while the Sub-Underwriters will not subscribe for any Rights Shares. 

Company Quote

0.23
-0.0050 -2.13%
22 Aug 2014