Summary by Futu AI
Gold Frontier Holdings Limited filed with Hong Kong Trading and Settlement Limited on 1 March 2024 with Hong Kong Trading and Settlement Limited, reporting the changes in the company's share capital as of 29 February 2024. THE REPORT SHOWS THAT THE STATUTORY/REGISTERED SHARE CAPITAL AND ISSUED SHARES REMAINED UNCHANGED DURING THE REPORTING PERIOD AT 8,000,000,000 SHARES WITH A FACE VALUE OF $0.0125 PER SHARE FOR A TOTAL OF $100,000,000. In addition, the report also mentions the subscription agreement entered into by the Company in 2019 with ChenLipKeong Fund Limited, which was established by SAKAI PRIVATE TRUST COMPANY PTE. LTD. is a wholly owned family trust set up for the late Tan Sri Dr Chen Lip Keong. UNDER THE AGREEMENT, SUBJECT TO CERTAIN CONDITIONS, THE COMPANY WILL ISSUE 1,142,378,575 SETTLEMENT SHARES TO THE SUBSCRIBERS AT A PRICE OF HK$12.00 PER SHARE AND WILL APPLY FOR THE SHARES TO BE LISTED ON THE HONG KONG STOCK EXCHANGE. The settled shares will have the same status as the company's existing shares and there are no restrictions on sale.