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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 share disposal by a controlling shareholder. As a result of this transaction, WellCell Group’s shareholding has decreased from 255 million to 155.5 million shares, representing 31.1% of the company’s issued share capital. The investor involved in the transaction has become a substantial shareholder with a 19.9% stake. Despite the reduction in shares, WellCell Group remains a controlling shareholder, which maintains the company’s stability while also introducing a new substantial investor.
More about WellCell Holdings Co., Limited
YTD Price Performance: 100.93%
Average Trading Volume: 2,832,526
Technical Sentiment Consensus Rating: Strong Sell
For detailed information about 2477 stock, go to TipRanks’ Stock Analysis page.