Wanjia Group Holdings Limited (stock code: 401) announced a proposed rights issue on the basis of one rights share for every existing share held on the record date, with a subscription price of HK$0.08 per rights share.

According to the announcement, up to 560.22 million rights shares may be allotted and issued, representing 100% of the company's issued share capital as of the latest practicable date. If fully subscribed, the total proceeds are estimated at HK$44.82 million before expenses, with net proceeds of about HK$40.82 million. The theoretical ex-rights price stands at around HK$0.0985 per share, and the net price per rights share is approximately HK$0.073.

Key dates disclosed include an ex-rights date of 12 February 2026 and the provisional allotment letters to be sent on or around 26 February 2026. Dealings in nil-paid rights shares are scheduled from 2 March 2026 to 9 March 2026. The latest time for acceptance is 4:00 p.m. on 12 March 2026. The rights issue is proceeding on a non-underwritten basis, with Kingkey Securities Group Limited engaged as placing agent to place any unsubscribed rights shares on a best-effort basis. The announcement indicates that if such shares cannot be fully placed, the size of the rights issue will be reduced accordingly.