Summary by Futu AI
U.S. Retail filed a next-day disclosure statement on May 28, 2024, announcing the changes in its issued share capital. The change relates to the partial settlement of the outstanding convertible notes issued on June 30, 2020, involving the conversion of 128,640,000 shares of ordinary shares, representing 0.27% of the Company's shares issued prior to the conversion. The issue price per share was HKD 1.24, representing a premium of 3775% compared to the closing price of HKD 0.032 on the previous business day. After the conversion, the issued share capital of US Retail increased to 47,891,079,199 shares. The Company confirms that the relevant share issue has been approved by the Board of Directors and complies with the relevant conditions of the Listing Rules of the Stock Exchange of Hong Kong Stock Exchange Limited.