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WellCell Holdings Announces Completion of Share Disposal by Controlling Shareholder

Story Highlights
  • WellCell Holdings completed a share disposal, reducing its controlling shareholder’s stake.
  • The company assures no negative impact on operations and plans a second disposal by May 2025.
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The latest update is out from WellCell Holdings Co., Limited ( (HK:2477) ).

WellCell Holdings Co., Limited, a company incorporated in the Cayman Islands, has announced the completion of a significant share disposal by its controlling shareholder. This transaction has reduced the number of shares held by WellCell Group from 311 million to 266 million, resulting in the Group no longer being the controlling shareholder, although it remains a substantial shareholder. The company has stated that this change will not adversely affect its business operations or future prospects. Additionally, a second disposal is anticipated to be completed by the end of May 2025, with further announcements to follow as necessary.

More about WellCell Holdings Co., Limited

Average Trading Volume: 3,261,627

Technical Sentiment Signal: Buy

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