China Uptown Group Adjusts Rights Issue Timetable

China Uptown Group Co. Ltd. (HK:2330) has released an update.

China Uptown Group Co. Ltd., in consideration of challenging market conditions and a need for more time to secure placees for unsubscribed shares, has revised the timetable for its Rights Issue, which allows existing shareholders to purchase additional shares. The adjustment to the schedule is aimed at ensuring the company maintains compliance with public float requirements and does not impact the Rights Issue’s conditions. The new timeline extends the placement period for unsubscribed shares, with key dates including the settlement on July 22, 2024, and the finalization of the placement by August 5, 2024.

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