Revised 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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Bodhi Tree Multimedia Limited has extended the closing date of its ongoing Rights Issue by about two weeks. The issue, which opened on April 15, 2025, was originally scheduled to close on April 28, 2025, but will now remain open until May 13, 2025. The decision was taken by the Rights Issue Committee on April 25, 2025 to give eligible shareholders more time to subscribe. The last date for submitting the Composite Application Form (CAF) with payment is also revised to May 13, 2025. There are no other changes to the Letter of Offer, CAF, or ALOF dated March 24, 2025.
Existing shareholders get additional time to participate in the rights issue. An extension may indicate the company wants fuller subscription or that response has been slower than expected, which is a mildly negative signal but not unusual.