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The latest update is out from iDreamSky Technology Holdings Limited ( (HK:1119) ).
iDreamSky Technology Holdings Limited has announced a Capitalization Agreement with Shenzhen iDreamSky and an independent subscriber to issue 38,085,937 new shares at HKD1.024 per share. This move aims to offset royalty fees owed by Shenzhen iDreamSky to the subscriber, representing approximately 2.16% of the company’s existing share capital. The issuance of these shares does not require further shareholder approval as it falls under the General Mandate approved at the 2024 AGM. The agreement is contingent upon certain conditions being met, and stakeholders are advised to exercise caution.
More about iDreamSky Technology Holdings Limited
YTD Price Performance: -61.85%
Average Trading Volume: 11,094,738
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.84B
Learn more about 1119 stock on TipRanks’ Stock Analysis page.