Outcome of the Rights Issue Committee ("Committee") of Bodhi Tree Multimedia Limited ("Company") for Extension of Closing date of Rights Issue.
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The Rights Issue Committee of Bodhi Tree Multimedia Limited approved an extension of the closing date of the company's ongoing Rights Issue. This is a procedural decision taken at a committee meeting to give shareholders additional time to subscribe to the issue. The exact revised closing date and other related details would be disclosed in the formal outcome filing. No changes to issue size, price, or entitlement ratio are mentioned in this update.
Existing shareholders get more time to apply for their rights entitlement, which may help improve subscription levels. However, extending a closing date can sometimes suggest the company is trying to push a poorly subscribed issue, so investors should watch the final subscription numbers closely.