Summary by Moomoo AI
Chongqing Hongqiu Fruit Products Co., Ltd. (“Hongqiu Fruit Products”) announces that under the General Mandate, the Company has completed the distribution of up to 189,000,000 shares of New H Shares on February 1, 2024. All the prerequisites for the distribution have been satisfied, including the approval of the IPO by the Listing Committee of the Exchange. The offering price of HK$4.35 per share was successfully distributed to not less than six partners who are not affiliated persons of the Company or their ultimate beneficial owner. After the distribution, the share structure of the company changed, and the total number of H shares increased to 1,136,394,185 shares, accounting for 70.76% of the total issued shares. The net proceeds of distribution of approximately HK$800.6 million will be used to strengthen the fruit supply chain, repay interest debt and replenish liquidity.