Summary by Moomoo AI
Sai Seng Pharmaceutical Holdings Limited announced on 17 April 2024 that under Rule 22 of the Hong Kong Code of Companies, Lai Chin Hung, Executive Officer Lai Chin Hung has entered into a privatization transaction through a contractual arrangement. The transaction involves the purchase of 5,000 shares of Sai Seng Pharmaceuticals at a price of $0.0000 per share and the number of Lai Chin Hung shares upon completion of the transaction increased to 12,967 shares representing 0.0021% of the company's class securities. This share change stems from the Company's initial public offering of a limited share unit plan that will attribute the share award to Lai Chin Hung on April 5, 2024.