Summary by Moomoo AI
MARCO DIGITAL ANNOUNCED ON FEBRUARY 14, 2024 THAT UNDER THE DISTRIBUTION AGREEMENT DATED JANUARY 24, 2024, THE COMPANY HAS COMPLETED A ONE-TIME DISTRIBUTION OF COMMON SHARES AND ISSUED 129,366,561 NEW SHARES, REPRESENTING 20% OF THE COMPANY'S ORIGINAL ISSUED SHARES. The issue was priced at HK$1.14 per share, a 13.64% decrease from the previous business day's closing price of HK$1.32. Following this share issue, the issued share capital of the company increased to 776,199,366 shares. The Company confirms that all relevant laws and listing requirements have been complied with and that the issuer's Board of Directors has been formally authorized to approve the issuance.