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An update from Future World Holdings Limited ( (HK:0572) ) is now available.
Future World Holdings Limited has entered into a Subscription Agreement to issue new shares as a means to settle an outstanding promissory note. The agreement involves allotting 23,188,310 shares at HK$0.6 each, representing around 9.13% of the company’s existing share capital, which will be used to settle the HK$13,912,986 promissory note. This strategic move will increase the Subscriber’s shareholding to approximately 16.20%, making them a substantial shareholder. The completion of this transaction is subject to certain conditions, impacting the company’s financial structure and shareholder composition.
More about Future World Holdings Limited
YTD Price Performance: -6.90%
Average Trading Volume: 178,150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$137.1M
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