Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
The latest update is out from Wise Living Technology Co., Ltd Class H ( (HK:2481) ).
Wise Living Technology Co., Ltd, a joint stock limited liability company incorporated in China, announced a reorganization at the controlling shareholder level. Jiangsu Shuangliang Technology Company Limited and Jiangsu Lichuang New Energy Company Limited transferred a significant portion of their shares to Hong Da Group Limited, a subsidiary of Shuangliang Technology, simplifying their shareholding interests. This transfer, representing a combined 66.66% of the company’s shares, makes Hong Da the direct controlling shareholder. Although this would typically trigger a mandatory general offer for all company shares, a waiver was granted by the Securities and Futures Commission, allowing the reorganization to proceed without such an offer. Shareholders and potential investors are advised to exercise caution in dealing with the company’s securities.
More about Wise Living Technology Co., Ltd Class H
Average Trading Volume: 166,404
Technical Sentiment Signal: Sell
Find detailed analytics on 2481 stock on TipRanks’ Stock Analysis page.