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AustAsia Group Secures Shareholder Approval for Rights Issue and Whitewash Waiver

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AustAsia Group Secures Shareholder Approval for Rights Issue and Whitewash Waiver

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AustAsia Group Limited. ( (HK:2425) ) has shared an announcement.

AustAsia Group Limited announced the results of its Extraordinary General Meeting (EGM) held on June 27, 2025, where all proposed resolutions, including the Rights Issue and Whitewash Waiver, were approved by independent shareholders. The approval allows the company to proceed with the allotment and issuance of up to 280,185,244 rights shares at a subscription price of HK$1.12 per share, potentially impacting the company’s capital structure and shareholder base.

More about AustAsia Group Limited.

AustAsia Group Limited is a company incorporated in the Republic of Singapore, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 02425.

Average Trading Volume: 102,190

Technical Sentiment Signal: Buy

See more insights into 2425 stock on TipRanks’ Stock Analysis page.

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