Summary by Futu AI
Huison Homes International Group Co., Ltd. (“Huissen Homes”) completed on 4 March 2024 the subscription of new shares under a general mandate and issued a total of 306,908,000 new shares at HK$0.135 per share for a total of HK$41,432,580.00. NET AMOUNT WAS HK$40,811,091.30 AFTER DEDUCTING RELATED EXPENSES. The net proceeds will be used to purchase raw material manufacturing ODM products, which are expected to be activated by the end of 2024. Following the share issue, Chun Pak Limited's shareholding ratio decreased from 60.60% to 55.55%, and the new acquirer Kwok Properties Pte. Ltd. shareholding ratio is 8.33%. The equity structure of Huisson Homes has also changed as a result.