LONG Investment Corp (stock code: 02312) announced a non-underwritten rights issue offering one new share for every two existing shares held on the record date. The subscription price is set at HK$0.3950 per rights share, and payment must be completed by 4:00 p.m. on Thursday, 15 October 2026.
Key terms • Basis: 1 rights share for every 2 existing shares • Subscription price: HK$0.3950 per share • Nil-paid trading period: 5 – 12 October 2026 • Final acceptance and payment deadline: 4:00 p.m., 15 October 2026 • Listing of fully-paid rights shares: subject to Stock Exchange approval and CCASS admission
Excess application and scaling-down Qualifying shareholders may apply for excess rights shares. Applications are subject to a scaling-down mechanism designed to: 1) prevent any shareholder from unintentionally triggering a mandatory general offer under the Hong Kong Takeovers Code; and 2) preserve adequate public float. Any shares scaled down will be re-allocated to other qualifying shareholders.
Refunds and share certificates • Allocation results: to be published on 23 October 2026 • Despatch of share certificates and refund cheques (if any): on or before 26 October 2026
Conditions precedent The rights issue will lapse if the conditions outlined in the prospectus are not satisfied or waived by 5:00 p.m. on Monday, 30 November 2026.
Trading considerations Existing shares have traded ex-rights since 21 September 2026. Dealings in both shares and nil-paid rights during the specified periods are subject to the risk that the rights issue may not become unconditional.
Payment method Applications must be accompanied by a separate Hong Kong-dollar cheque or banker’s cashier order drawn on a licensed Hong Kong bank, payable to “LONG INVESTMENT CORP – EXCESS APPLICATION A/C” and crossed “Account Payee Only.”
Shareholders and investors are advised to note the key dates, settlement arrangements via CCASS, and the potential dilution effect if entitlements are not fully taken up.