Summary by Futu AI
Huisson Home International Group Limited announced that it completed a new share distribution on February 1, 2024 for a total of 306,910,000 new shares at a price of HK$0.13 per share, representing approximately 10% of the Company's issued share capital. The offering was successfully sold to Yggies World Pte by Fulfilo Securities Limited, acting as the underwriting agent. Ltd., the company is wholly owned by Ms. WU Shu-ting. After the sale, Yggies World will hold approximately 9.09% of the issued share capital of the company, but will not become a major shareholder. The net proceeds of approximately HK$39.3 million will be used to purchase raw material manufacturing ODM products. Following this change in share structure, Chun Pak Limited's shareholding ratio decreased from 66.65% to 60.60% and other public shareholders' equity ratio decreased from 33.35% to 30.31%.