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Advanced Holdings’ Controlling Shareholder Sells Significant Stake

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Advanced Holdings’ Controlling Shareholder Sells Significant Stake

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Advanced Holdings Ltd. ( (SG:BLZ) ) just unveiled an announcement.

Advanced Holdings Ltd. announced that Dr. Wong Kar King, a controlling shareholder, sold 17,000,000 ordinary shares, representing approximately 16.78% of the company’s total issued shares, to Asia Agri Renewable Fund. This off-market transaction results in Dr. Wong ceasing to be a controlling shareholder while remaining the Managing Director, potentially impacting the company’s governance and shareholder dynamics.

More about Advanced Holdings Ltd.

Advanced Holdings Ltd. is a company incorporated in Singapore, operating within a group structure. The company is involved in various industries, although specific primary products or services are not detailed in the release.

Average Trading Volume: 115,537

Technical Sentiment Signal: Sell

Current Market Cap: S$11.14M

See more data about BLZ stock on TipRanks’ Stock Analysis page.

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