Summary by Futu AI
MOG DIGITECH ANNOUNCED THAT IT HAS COMPLETED ON 14 FEBRUARY 2024 THE DISTRIBUTION OF NEW SHARES UNDER GENERAL MANDATES TOTALING 129,366,561 SHARES AT A PRICE OF HK$1.14 PER SHARE, SUCCESSFULLY ALLOCATED TO NO LESS THAN SIX INDEPENDENT THIRD PARTY SHAREHOLDERS. The distribution is equivalent to approximately 16.67% of the Company's enlarged total issued share capital. The net proceeds from the divestiture will be approximately HK$145,940,000 and will be used to repay a portion of existing debt, general working capital and investment opportunities to pay for related businesses. Upon completion of the distribution, the company's equity structure shows a public shareholding ratio of 83.33% and a new shareholder holding of 16.67%.