Differ gp auto Limited (Differ gp auto) announced that it will conduct a share consolidation, change the trading unit per share, and issue new shares. The share consolidation will be based on a basis of consolidating every twenty existing shares into one consolidated share, and can only be implemented after approval by the shareholders' special meeting. After the consolidation, the company will change the trading unit per share from 10,000 existing shares to 3,000 consolidated shares. In addition, the company has entered into a placement agreement with Greater Bay Area Shenzhen-Hong Kong Securities Limited, planning to place up to 20,638,820 shares of placement shares to no fewer than six independent third parties, at a placement price of HK$1.1 per share. After the...Show More

Differ gp auto Limited (Differ gp auto) announced that it will conduct a share consolidation, change the trading unit per share, and issue new shares. The share consolidation will be based on a basis of consolidating every twenty existing shares into one consolidated share, and can only be implemented after approval by the shareholders' special meeting. After the consolidation, the company will change the trading unit per share from 10,000 existing shares to 3,000 consolidated shares. In addition, the company has entered into a placement agreement with Greater Bay Area Shenzhen-Hong Kong Securities Limited, planning to place up to 20,638,820 shares of placement shares to no fewer than six independent third parties, at a placement price of HK$1.1 per share. After the placement is completed, it is expected to raise a net amount of approximately HK$21 million, to be used for general operating funds and debt arrangement costs. Both the share consolidation and placement need to be approved by the shareholders' special meeting before they can be implemented, and are expected to take effect on November 26, 2024.