{"id":33715,"date":"2022-09-22T07:15:11","date_gmt":"2022-09-22T10:15:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33715"},"modified":"2026-04-23T04:39:39","modified_gmt":"2026-04-23T07:39:39","slug":"sjm-receives-493-acceptances-for-excess-rights-shares","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-receives-493-acceptances-for-excess-rights-shares","title":{"rendered":"SJM receives 493 acceptances for excess rights shares"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The group has received in aggregate 493 valid acceptances and applications in respect to approximately 3.84bn rights shares.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Through a company filing,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-directors-apply-for-excess-rights-shares\" target=\"_blank\">SJM Holdings<\/a>\u00a0has reported receipt of 304 valid acceptances in respect to 1,332,427,526 rights shares, representing approximately 93.8 per cent of 1,420,361,073 rights shares available for subscription.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company also reported <strong>189 valid applications for 2,509,370,437 <\/strong>excess rights shares, representing approximately 176.7 per cent of the number available for subscription. Thus some 493 valid acceptances and applications in respect to 3,841,797,963 right share, <strong>representing approximately 270.5 per cent of the total number <\/strong>available for subscription, have been received.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company reported that for any unsuccessful or partially unsuccessful application for excess warrants (non-interest bearing), a fully paid form of warrant shares and a refund check (if any) are expected to be posted to the allottees and\/or applicants today (September 22). Fully paid-up trading of the subscription rights is expected to begin tomorrow (September 23) at 9.00am.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In August, the company reported that it expected to raise net proceeds of nearly HK$2.94bn via the operation and intended to apply approximately HK$2.70bn to fund the increase in\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/authorities-approve-sjm-resorts-plan-to-increase-share-capital\" target=\"_blank\">SJM Resorts<\/a>\u00a0SA\u2019s share capital and the balance for general working capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The group has received in aggregate 493 valid acceptances and applications in respect to approximately 3.84bn rights shares.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings has successfully concluded its rights issue, reporting significant oversubscription with 93.8% of available shares accepted and excess rights shares oversubscribed by 176.7%. The capital raise is projected to yield net proceeds of approximately HK$2.94bn, primarily earmarked for increasing SJM Resorts SA\u2019s share capital and bolstering general working capital.","focusai_entities":"SJM Holdings, SJM Resorts SA","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Allocation Impact","query":"How will the HK$2.70bn allocated to SJM Resorts SA's share capital increase specifically impact its operational leverage and future development projects in Macau?"},{"label":"Shareholder Dilution Analysis","query":"Given the 270.5% oversubscription rate for the rights issue, what are the implications for existing shareholder dilution and the company's future capital structure?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-33715","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33715"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33715\/revisions"}],"predecessor-version":[{"id":33725,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33715\/revisions\/33725"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}