$SKY BLUE 11 (01010.HK)$ Hongmao Technology (stock code: 101...
Hongmao Technology (stock code: 1010) announced a share supply to raise up to approximately HK$1466 million (before deducting expenses). As for supply, when shareholders hold one share, it is distributed at HK$0.330 per share as the standard share supply stock, so it is planned to issue a maximum of 444,294,170 stock supply shares. This share supply is offered only to all qualified shareholders and not to insufficient shareholders. The financing will mainly be used for the development and expansion of the Group's yacht business, the acquisition of B&W Beleggingen BV in the Netherlands, and general operating capital. The share supply conditions are implemented only when approved by independent shareholders at the general shareholders' meeting, and approval by the Hong Kong Stock Exchange Listing Committee is required to obtain approval for listing and trading share supply shares. A special general meeting of shareholders will be convened in 2024/6 to consider stock supply resolutions. After the share supply is completed, the share supply shares have the same status as the issued shares and enjoy dividend rights, including future dividends and distribution rights.
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182455816 OP : Quick talk, I recorded a loss, and even though the company name was changed, there are assets held from the report, so let's just say that it will be returned to shareholders? It seems like it's not just about large shareholders, it's about all shareholders, but isn't stock prices going to be cheaper for the time being?
Do I have to go to the general shareholders' meeting in Hong Kong in June