Jihong (2603) Launches Rights Issue at 17% Discount, Raising ~HK$112M

Jihong (2603) is conducting a rights issue, with a subscription price of HK$12.24 per share, representing a discount of approximately 17.02% from the previous closing price, according to Ming Pao. The company is placing 9,371,500 H-shares, accounting for about 12.13% of the enlarged H-share capital. Net proceeds from the placement are estimated at approximately HK$112 million.