Summary by Moomoo AI
Top Standard Corporation (referred to as "Top Standard") announced after the trading session on October 25, 2024, that it has signed a subscription agreement with Mr. Hng Bok Chuan, the subscriber, agreeing to issue and distribute a total of 33,177,600 new shares, at a subscription price of 0.100 Hong Kong dollars per share, with a total face value of approximately 331,776 Hong Kong dollars. The subscription price represents a premium of approximately 38.9% over the closing price of the company's shares on the date of the subscription agreement, and a premium of approximately 23.46% over the average closing price of the previous five trading days. The subscription proceeds of approximately 3,317,760 Hong Kong dollars will be used for the group's general operating funds. The subscribed shares...Show More