Flowing Cloud Technology Ltd. announced a delay in sending out the shareholder circular for its proposed non-underwritten rights issue. The circular—originally scheduled for distribution by 28 July 2026—will now be dispatched on or before 21 August 2026.
Key points • Proposed rights issue: Four rights shares for every one share held on the record date. • Documentation update: The circular will contain detailed terms of the rights issue, recommendations from the Independent Board Committee, and advice from the Independent Financial Adviser. • Timetable revision: A revised schedule for the rights issue will be released once finalised.
The board, chaired by Wang Lei, cited the need for additional time to prepare and finalise the required information as the reason for the postponement.