Summary by Futu AI
NEWBORNTOWN completed the acquisition on December 23, 2024, and issued approximately 0.22 billion shares as consideration according to special authorization. After the acquisition, the target company became a wholly-owned subsidiary of NEWBORNTOWN, and its financial results will continue to be consolidated into the group's financial statements. The consideration shares were allocated at an issuance price of HKD 4.50 per share, accounting for 15.57% of the expanded issued share capital.After the acquisition, the total number of issued shares of NEWBORNTOWN increased from 1.19 billion shares to 1.41 billion shares. The shareholding ratios of major shareholders Spriver Tech Limited, Parallel World Limited, and Phoenix Auspicious FinTech Investment L.P. decreased to 16.92%, 5.18%, and 5.67%, respectively. New shareholders JJQJ and JZZT hold 3.07% and 10.66% of the shares, respectively, while the proportion of public shareholders decreased to 49.57%. This trade is expected to further increase the profit attributable to equity shareholders.
