Summary by Moomoo AI
On 9 January 2024, Global Strategic Group Limited (the “Company”) amended the distribution agreement with the distribution agent to adjust the distribution price from HK$0.69 to HK$0.88. The supplemental agreement leaves unchanged the terms of the distribution of up to 91,172,000 shares of common stock referred to in the original announcement, subject to adjustment in the distribution price. The Adjusted Allocation Price is determined after fair consultation based on the market price and volume of the shares. The Board considers that the revised terms of the distribution agreement are fair and reasonable for the overall interests of the Company and its shareholders. If the sale is successful, the maximum net proceeds of approximately HK$77,400,000 are expected to be used for general working capital and debt settlement. THE COMPANY EMPHASIZES THAT ASSIGNMENTS MUST MEET CERTAIN CONDITIONS AND DO NOT HAVE TO BE FINALIZED, AND INVESTORS SHOULD EXERCISE CAUTION.