Trendzon Holdings Reports Low Rights Issue Subscription

Trendzon Holdings Group Limited (HK:1865) has released an update.

Trendzon Holdings Group Limited has announced the results of its recent Rights Issue, revealing a subscription rate of approximately 15.72%, with the remaining 84.28% of shares offered being unsubscribed. To address the low uptake, the company will implement Compensatory Arrangements, which involve placing the unsubscribed shares with independent placees for the benefit of shareholders who did not take action. The Rights Issue proceeds will be adjusted based on the success of these arrangements.

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