China Uptown Group Co. Ltd. (HK:2330) has released an update.
China Uptown Group Co. Ltd. has announced a rights issue on a non-underwritten basis, offering two rights shares for every share held on the record date, with no minimum subscription level required. Shareholders are advised to consult with professional advisers regarding the rights issue, which will proceed regardless of subscription levels, and are also notified of an Extraordinary General Meeting scheduled for June 7, 2024. The company cautions that dealing in nil-paid rights shares carries the risk of the rights issue not proceeding if conditions are not met.
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