Proposed rights issue on the basis of one (1) rights share for every two (2) existing shares held on the record date on a non-underwritten basis and proposed change in board lot size

Summary by 6ix AI

Coolpad Group Ltd. has announced a proposed rights issue, offering one rights share for every two existing shares held, on a non-underwritten basis, to raise funds for the company. The rights issue aims to issue up to a specified number of rights shares and is available only to qualifying shareholders, with no excess application arrangements. The announcement includes details on the subscription price and the conditions under which the rights issue will proceed.

Written by 6ix AI from the company’s filing. How 6ix writes summaries