Outcome of the Rights Issue Committee ("Committee") of Bodhi Tree Multimedia Limited ("Company") for Further Extension of Closing date of Rights Issue
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Bodhi Tree Multimedia Limited has further extended the closing date of its Rights Issue by one day, from May 13, 2025 to May 14, 2025. The Rights Issue Committee approved this extension on May 12, 2025, to give eligible shareholders additional time to exercise their rights and submit the Composite Application Form (CAF) with payment. The original closing date was April 28, 2025, making this the second extension. There is no change in the Letter of Offer, CAF, and ALOF dated March 24, 2025, except for the revised closing date. The indicative post-issue activity timeline will also be adjusted accordingly.
Existing shareholders get one extra day to subscribe to their rights entitlement, but multiple extensions may suggest weak subscription interest, which could weigh on the stock sentiment post-issue.