Summary by Moomoo AI
LECH INTERNATIONAL HOLDINGS GROUP LIMITED (STOCK CODE: 1529) ANNOUNCED ON 19 APRIL 2024 THAT THE COMPANY HAS ENTERED INTO A DISTRIBUTION AGREEMENT WITH WEST BEEF SECURITIES LIMITED, ITS DISTRIBUTION AGENT, TO SELL A MAXIMUM OF 192,880,000 NEW SHARES TO NO LESS THAN SIX INDEPENDENT THIRD PARTY HOLDERS AT A PRICE OF HK$0.097 PER SHARE. The offer represents a discount of approximately 11.82% from the Company's closing price of HK$0.11 per share on the date of the distribution agreement and a decrease of approximately 19.83% from the average closing price per share of the Company's shares on the previous five trading days of approximately HK$0.121. The highest number of allotted shares corresponds to approximately 16.9% of the company's existing issued share capital and approximately 14.5% after...Show More