Summary by Moomoo AI
AFTER THE TRADING SESSION ON 12 JANUARY 2024, ALCO HOLDINGS SIGNED A DISTRIBUTION AGREEMENT WITH HENG YU SECURITIES LIMITED TO SELL UP TO 15,910,000 NEW SHARES TO AN INDEPENDENT THIRD PARTY THROUGH A DISTRIBUTION AGENT AT A PRICE OF HK$2.72 PER SHARE. The distribution represents 20% of the company's existing issued share capital and will expand to approximately 16.67%. The offer price was a discount of approximately 1.81% from the closing price of HK$2.77 per share on the date of the distribution agreement, and a decrease of approximately 4.96% from the average closing price of HK$2.86 per share on the previous five trading days. If the sale is successful, the total amount raised is expected to be approximately HK$43,275,200, net of related charges of approximately HK...Show More