Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Imperium Technology Group Limited ( (HK:0776) ) has shared an update.
Imperium Technology Group Limited announced the completion of a significant share placement by a controlling shareholder, resulting in the placement of 141,540,000 shares, which represents approximately 37.92% of the company’s issued share capital. This transaction, completed at a price of HK$0.65 per share, amounted to HK$92,001,000. Despite the share placement, the vendor retains a controlling stake in the company with 19.53% of the share capital. The placement did not result in any of the placees becoming substantial shareholders, maintaining the company’s existing shareholder structure. This strategic move is expected to impact the company’s market dynamics and shareholder composition.
More about Imperium Technology Group Limited
Imperium Technology Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is involved in the development and provision of technology products and services, with a focus on leveraging its market positioning to expand its influence and operations.
Average Trading Volume: 2,851,203
Technical Sentiment Signal: Sell
Current Market Cap: HK$701.7M
For an in-depth examination of 0776 stock, go to TipRanks’ Stock Analysis page.