Summary by Futu AI
THE BUCK 1798 GROUP (STOCK CODE: 1010), I.E. TITANYUM 11 CO., LTD., ANNOUNCED THAT IT WILL RAISE UP TO APPROXIMATELY HK$146.6 MILLION (BEFORE EXPENSES). The offering will be made at a price of HK$0.330 per share on the basis of a distribution of one share to each shareholder holding one share, with a maximum of 444,294,170 shares issued. The offering is for participation by eligible shareholders only, is not offered to ineligible shareholders, and does not have an underwriting arrangement. The proceeds will be used primarily to develop and expand the Group's yacht business, including the acquisition of B&W Beleggingen B.V. in the Netherlands, and as general operating capital. The conditions for the offering are subject to the approval of...Show More