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Man Wah Holdings ( (HK:1999) ) has issued an update.
Man Wah Holdings Limited announced that its controlling shareholder, Mr. Wong Man Li, who is also the Chairman and CEO, has increased his shareholding by purchasing 3,000,000 ordinary shares through Man Wah Investments Limited. This move, which signifies confidence in the company’s prospects, resulted in a total acquisition of 8,000,000 shares within two days, potentially impacting the market perception and investor relations.
More about Man Wah Holdings
Man Wah Holdings Limited is a company incorporated in Bermuda with a focus on manufacturing and distribution in the furnishing industry. The company offers a range of products, with a market emphasis on providing quality furniture solutions.
YTD Price Performance: -5.57%
Average Trading Volume: 6,333
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.16B
See more insights into 1999 stock on TipRanks’ Stock Analysis page.