Synertone Communication Corporation (Stock Code: 1613) announced a delay in dispatching its circular related to a proposed Rights Issue. The circular, originally expected to be sent on or before 10 November 2025, will now be dispatched on or before 24 November 2025. According to the announcement, the Rights Issue remains on a two-for-one basis, offering two new Rights Shares for every existing share held on the Record Date.
The revised timeline indicates that the Extraordinary General Meeting (EGM) to approve the Rights Issue is set for 15 December 2025, with a latest time for lodging proxy forms on 13 December 2025. In addition, the dates for dealing in nil-paid Rights Shares and for acceptance and payment have been updated to early January 2026 and mid-January 2026, respectively. Final allotment results are scheduled to be published by mid-February 2026, followed by the dispatch of share certificates for fully paid Rights Shares, if all conditions are met. The announcement states that any further changes to this timetable will be published in accordance with the relevant rules.