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Okura Holdings Limited ( (HK:1655) ) has provided an update.
Okura Holdings Limited has announced a significant transfer of shares, where its controlling shareholder, Mr. Katsuya Yamamoto, has agreed to sell 303,000,000 shares, representing 50.5% of the company’s issued share capital, to Ichikura Limited. This transaction will result in Ichikura Limited holding 62.5% of the company’s shares, effectively making it the new controlling shareholder. The transaction is structured such that Mr. Yamamoto, through the AMI Culture Foundation, remains indirectly interested in the shares. The company has received a waiver from the Securities and Futures Commission, exempting the purchaser from making a mandatory general offer. The board anticipates no material impact on the company’s business operations as a result of this transaction.
More about Okura Holdings Limited
Okura Holdings Limited is a company incorporated in Hong Kong, operating within the financial sector. The company, along with its subsidiaries, is involved in various business operations, although specific industry details are not provided in the announcement.
Average Trading Volume: 622,500
Technical Sentiment Signal: Hold
Current Market Cap: HK$96M
For a thorough assessment of 1655 stock, go to TipRanks’ Stock Analysis page.