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The latest announcement is out from AustAsia Group Limited. ( (HK:2425) ).
AustAsia Group Limited, incorporated in Singapore, has announced an extraordinary general meeting to discuss a proposed rights issue and a special resolution regarding a Whitewash Waiver. The rights issue aims to allot and issue up to 280,185,244 shares to shareholders at a subscription price of HK$1.12 per share, based on two rights shares for every five existing shares. The special resolution seeks approval for a Whitewash Waiver, which would exempt controlling shareholders from making a mandatory general offer if the rights shares are not fully issued. This move is designed to strengthen the company’s capital base and provide flexibility in managing shareholder interests.
More about AustAsia Group Limited.
Average Trading Volume: 100,309
Technical Sentiment Signal: Buy
Learn more about 2425 stock on TipRanks’ Stock Analysis page.