WK Group (Holdings) Limited ( (HK:2535) ) has issued an update.
WK Group (Holdings) Limited has completed the placing of 480,000,000 existing shares, representing 24% of its issued share capital, to at least six independent placees. The placing, which occurred in multiple rounds, ensures that no single placee holds 30% or more of the company’s total issued share capital, thus maintaining the vendor’s status as the controlling shareholder with 51% ownership. The company does not anticipate any adverse effects on its operations from this transaction.
More about WK Group (Holdings) Limited
YTD Price Performance: -9.68%
Average Trading Volume: 4,874,736
Technical Sentiment Signal: Strong Buy
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