Summary by Moomoo AI
GUOMAO HOLDINGS LIMITED (THE “COMPANY”) ANNOUNCED AFTER THE TRADING PERIOD ON 21 FEBRUARY 2024 THAT IT HAS ENTERED INTO A DISTRIBUTION AGREEMENT WITH DISTRIBUTION AGENT GUO STOCK SECURITIES LIMITED TO A PRICE OF HK$1.09 PER SHARE TO NO LESS THAN SIX INDEPENDENT THIRD PARTY HOLDERS, EQUIVALENT TO THE EXISTING Approximately 20.00% of the issued shares and approximately 16.67% after the expansion. The allotment price was approximately 18.66% off the closing price of HK$1.34 on the date of the sale agreement, and a decrease of approximately 19.26% from the average closing price of HK$1.35 on the previous five trading days. Upon completion of the divestiture, the maximum proceeds are expected to be HK$20.34 million, net of approximately HK$19.70 million, net of which will be used for the...Show More