Trendzon Holdings Group Limited ("the Company") announced on September 23, 2024, the terms of the rights issue, proposing to issue four new shares for every one share held by a shareholder. The total number of shares issued by the Company is 141,680,000 shares, while the total number of new shares issued is 566,720,000 shares. As of 4 p.m. on October 8, 2024, the Company has received valid subscription requests for approximately 15.72% of the new shares, equivalent to 89,109,539 shares. The remaining approximately 84.28% of the new shares, totaling 477,610,461 shares, will be arranged for compensation. These shares will be sold by the placement agent to an independent placing participant, and any premium will be proportionally paid to non-participating shareholders. The placement agent is expected to complete the placement...Show More

Trendzon Holdings Group Limited ("the Company") announced on September 23, 2024, the terms of the rights issue, proposing to issue four new shares for every one share held by a shareholder. The total number of shares issued by the Company is 141,680,000 shares, while the total number of new shares issued is 566,720,000 shares. As of 4 p.m. on October 8, 2024, the Company has received valid subscription requests for approximately 15.72% of the new shares, equivalent to 89,109,539 shares. The remaining approximately 84.28% of the new shares, totaling 477,610,461 shares, will be arranged for compensation. These shares will be sold by the placement agent to an independent placing participant, and any premium will be proportionally paid to non-participating shareholders. The placement agent is expected to complete the placement by no later than 4 p.m. on October 15, 2024. The net proceeds per share of new shares not subscribed in the rights issue will be announced on October 16, 2024. Shareholders should note that the rights issue will only proceed once the conditions are met, and there is a risk that the rights issue may not be completed.