Summary by Moomoo AI
On June 21st, 2024, Smartone Group Limited (Smartone) announced that, according to the general authorization passed by shareholders at the annual meeting on June 23rd, 2023, the company has entered into a placement agreement with placement agent to place 1,673,446,000 new Class B shares at a placement price of HKD 1.20 per share. This placement will expand the number of Class B shares already issued by the company by about 6.06% and increase the total number of issued shares by about 4.76%. The placement price is at a discount of approximately 9.1% to the closing price of HKD 1.32 per share on the last trading day, and at a discount of approximately 12.2% to the average closing price of HKD 1.37 per share for the past five trading days. The total expected...Show More