Summary by Futu AI
Aidigong Maternal and Infant Health Co., Ltd. ('Aidigong') plans to hold a special shareholders' meeting on July 25, 2024 to consider proposals for the merger of shares and the issuance of new shares based on special authorization. The share merger will combine every forty existing shares with a par value of HKD 0.01 into one merged share with a par value of HKD 0.4. In addition, the company and the distribution agent Beta International Securities Limited signed a distribution agreement on June 20, 2024, proposing to distribute up to 44,350,000 new merged shares at a price of HKD 1.68 per share. The distribution matter can only proceed after the share merger is effective and approved by the special shareholders' meeting. The company stated that the net proceeds from...Show More