Summary by Moomoo AI
TL Natural Gas Holdings Limited (the “Company”) entered into a Supplementary Distribution Agreement with CNI SECURITIES GROUP, on 5 January 2024, amending the distribution price and final completion date in the original distribution agreement. The new distribution price was adjusted from HK$0.638 per share to HK$0.658, representing a decrease of approximately 17.75% from the January 5 closing price of HK$0.800 per share and a decrease of approximately 19.95% from the average closing price of HK$0.822 on the previous five trading days. As amended, the maximum proceeds from the divestitures are HK$23,326,758 and a net amount of approximately HK$22 million will be used to invest in renewable energy-related businesses and general operating capital. The final completion date for the distribution agreement has been extended from...Show More