Anchorstone Rights Issue Sees 48.32% Subscription; 598.57 Million Shares Enter Compensatory Placing

Bulletin Express
May 13

Anchorstone Holdings Limited reported that its 1.16 billion-share Rights Issue, which closed at 4:00 p.m. on 6 May 2026, recorded valid acceptances for 559.65 million Rights Shares, equating to 48.32% of the total on offer.

As the issue was under-subscribed, 598.57 million Rights Shares will be disposed of through a compensatory arrangement. Under the previously signed placing agreement, the placing agent will seek independent placees for these shares on a best-effort basis by 6:00 p.m. on 21 May 2026 at not less than the subscription price. Any shares remaining unplaced will lapse, reducing the final size of the Rights Issue. Net proceeds realised above the subscription price, if any and rounded down to the nearest cent, will be distributed pro-rata to shareholders who did not take up their entitlements, subject to a HK$100 minimum payment threshold.

Executive Director and Chairman Mr. Lui Yue Yun Gary had committed, through a set-off arrangement, to apply approximately HK$57.90 million of shareholder loans against payment for up to 551.54 million Rights Shares provisionally allotted to him. Ultimately, 141.99 million Rights Shares linked to his certificated holdings were accepted under this arrangement, while the acceptance of shares registered in HKSCC Nominees Limited’s name was not completed. Mr. Lui’s controlling shareholder status will depend on the final outcome of the placing and overall Rights Issue results.

Anchorstone plans to announce the final placement outcome and any net gain distribution on 2 June 2026. Shareholders and investors are advised to exercise caution when dealing in the company’s shares.

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.

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