Summary by Futu AI
CBK Holdings announced that the conditions for the distribution of the new shares under the general authorization were reached on March 19, 2024 and that the distribution of the new shares was successfully completed. The distribution has been distributed by the distribution agent to a total of 18,661,918 shares to not less than six independent underwriters at a price of HK$0.055 per share. Upon completion, the underwriters will hold 16.67% of the company's shares. As a result, the shareholding structure of the company changed. Ms. Zuo Ping's shareholding decreased from 30.22% to 25.18%, and the shareholding ratio of public shareholders decreased from 69.78% to 58.15%. Through this divestiture, Guomao Holdings will receive a net proceeds of approximately HK$9,930,000 and plans to use the funds as described in the previous announcement. Board members are responsible for the accuracy and completeness of the contents of the announcement and confirm that there is no misleading or missing information.