Anchorstone (01592) Issues Clarification on HK$56.80 Million Indebtedness in Rights-Issue Circular

Bulletin Express
Mar 16

Anchorstone Holdings Limited (Stock Code: 01592) released a clarification announcement on 16 March 2026, amending the indebtedness disclosure in its circular dated the same day for the proposed non-underwritten rights issue of four rights shares for every existing share.

The revised statement confirms that, as at the close of business on 31 January 2026, the Group’s aggregate outstanding indebtedness stood at approximately HK$56.80 million, comprising:

• Secured bank borrowings of about HK$45.20 million, collateralised by trade and retention receivables, contract assets and cross-guarantees provided by subsidiaries and Mr. Lui.

• A provision of roughly HK$11.20 million related to a concluded litigation claim and associated legal expenses.

The company also noted several ongoing employee compensation claims; while potential liabilities exist, the amounts cannot yet be reliably quantified.

All other information contained in both the English and Chinese versions of the circular remains unchanged. The board, led by Executive Directors Mr. Lui Yue Yun Gary and Ms. Lui Natalie Po Wai, advises shareholders to read the clarification in conjunction with the original circular.

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