Ev Dynamics (Holdings) Limited (HK:0476) has released an update.
Ev Dynamics (Holdings) Limited reported a low uptake in their Rights Issue, with only 1.84% of offered Rights Shares being applied for by the deadline. Consequently, a significant number of shares remain unsubscribed, prompting the company to enter into compensatory arrangements with a Placing Agent to place the remaining shares. Investors are cautioned about the inherent risks as the Rights Issue proceeds non-underwritten and may be downsized if conditions are not met or shares remain unplaced.
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