Auto Italia Holdings ( (HK:0720) ) has issued an update.
Auto Italia Holdings Limited has announced a change in the shareholding structure of its substantial shareholder, VMS Investment Group Limited. Previously owned by Ms. Mak Siu Hang Viola, VMSIG is now wholly-owned by Mr. Chong Tin Lung Benny, the executive Director, executive chairman, and CEO of the company, as part of a family arrangement. This transfer increases Mr. Chong’s interest in the company to approximately 26.77% of the total issued shares. The company believes this change will not materially impact its control and management.
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Technical Sentiment Signal: Sell
Current Market Cap: $130.3M
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