Summary by Moomoo AI
On November 30, 2024, Terek International completed the sale of the KP Global Group, which is no longer a subsidiary of Tomb, and issued KP Convertible Notes. Due to the completion of the sale, KP Global's financial information will no longer be consolidated into the special accounts. Prospectus has declared a special dividend of HK$0.447 per share, which is expected to be paid on 6 December 2024.In order to regulate post-sale arrangements, Trek has entered into a transitional service agreement with KP Global, including office space leases, shared administrative services and financial assistance. Since KP Global is a connected person, these transactions constitute ongoing connected transactions. Under the Listing Rules, some transactions are exempt from reporting and disclosure obligations.In addition...Show More
