SHANGHAI GROWTH lifts outstanding shares by 37.50% after completing USD 0.12 rights issue

Bulletin Express
Mar 24

Shanghai International Shanghai Growth Investment Limited (SHANGHAI GROWTH) reported to the Hong Kong Stock Exchange on 24 March 2026 that it has completed the allotment of 4.81 million ordinary shares through a rights issue priced at USD 0.12 per share. The new shares were issued on 23 March 2026 on the basis of three rights shares for every eight shares held as of the record date.

The transaction expanded the company’s issued share base by 37.50%, increasing the number of outstanding shares from 12.82 million to 17.63 million. No treasury shares were held before or after the issuance.

Based on the disclosed issue price and volume, the rights issue generated gross proceeds of approximately USD 0.58 million.

The board confirmed that the allotment was fully authorised, all proceeds have been received, and the process complied with all applicable listing rules and regulatory requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10