Summary by Futu AI
Trendzon Holdings Group Limited ("the Company") announced that the originally scheduled rights issue timetable has been revised in response to market conditions and public holidays. The Company proposed a plan to issue four shares for every one share held on the record date for the rights issue shares, and has updated the relevant timetable. The placing agent will extend the deadline for the placing of unsubscribed rights issue shares to 4:00 pm on October 22, 2024, and announce the results of the rights issue the following day. If the rights issue cannot proceed unconditionally, shareholders and potential investors will face risks. Shareholders and potential investors of the Company should act prudently and seek professional advice if necessary. After the rights issue is completed, the subscribed shares will be available for trading from October 25, and the net proceeds of non-action shareholders (if any) will be paid on October 28.