Summary by Moomoo AI
Ding Fung Group Motor Co., Ltd. (Ding Fung Group Automobiles) issued and distributed new shares on 29 February 2024 pursuant to the distribution agreement dated 19 December 2023. The Company has disclosed details in an announcement dated December 19, 2023. The number of newly issued shares was 41,510,000 shares, representing 4.62% of the shares issued prior to issue. The issue price was HKD 0.36 per share, up 33.33% from the previous business day's closing price of HKD 0.27. Upon completion of the issue, the issued share capital of the company increased to 939,423,988 shares. The Company confirms that the share issue has been approved by the Board of Directors and complies with the relevant provisions of the Securities Listing Rules of the Hong Kong Stock Exchange Limited.