Summary by Moomoo AI
AFTER THE TRADING SESSION ON 19 FEBRUARY 2024, ALCO HOLDINGS ENTERED INTO A DISTRIBUTION AGREEMENT WITH HENG YU SECURITIES LIMITED, CONDITIONALLY AGREEING TO DISTRIBUTE A MAXIMUM OF 15,910,000 NEW SHARES TO AN INDEPENDENT THIRD PARTY AT A PRICE OF HK$1.96 PER SHARE. This distribution is equivalent to 20% of the Company's existing issued share capital and approximately 16.67% of the enlarged share capital. The offer price was a discount of approximately 4.85% from the closing price of HK$2.06 per share on the date of the distribution agreement, and a decrease of approximately 3.35% from the average closing price per share of HK$2.03 per share on the previous five trading days. If the full distribution is completed, the total amount raised is expected to be approximately HK...Show More