Summary by Futu AI
BUCK 1798 GROUP LIMITED (THE “COMPANY”) ANNOUNCES THAT IT HAS COMPLETED THE DISTRIBUTION OF UP TO 74,049,028 NEW SHARES UNDER GENERAL MANDATES ON DECEMBER 22, 2023. The distribution is equivalent to approximately 16.67% of the Company's issued share capital upon completion at a price of HK$0.56 per share. The distribution was successfully distributed to at least six independent third party shareholders, raising a net amount of approximately HK$40.0 million. Proceeds will be used for the Group's general working capital and business development. After the sale was completed, the shareholding of Mr. Duan Hung Tao and China Ying International Holdings Group Limited decreased from 15.36% to 12.80%, while Arrab Chalid and LLOYDS INVESTMENT GROUP FZCO also decreased from 18.50% to 15.42%. The other public shareholders' shareholding ratio decreased from 66.14% to 55.11%, while the new shareholders held 16.67% of the shares.