Summary by Futu AI
China Ocean Land completed the issuance of new shares on 13 May 2024 to issue new shares on existing debt held by eligible creditors pursuant to a mandate from the Special General Meeting of Shareholders on 10 January 2024. The number of new shares issued was 101,439,889 shares, representing 2.77% of the original issued shares, and the issue price was HKD 1.06 per share, up 488.89% from the previous business day's market price of HKD 0.18. After the issuance, the issued share capital of the company increased from 3,666,881,658 shares to 3,768,321,547 shares. The Company confirms that all payments have been received and that all the conditions required by the Listing Rules have been met.