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The latest announcement is out from Pangaea Connectivity Technology Limited ( (HK:1473) ).
Pangaea Connectivity Technology Limited has successfully completed the placing of 199,000,000 new shares, representing approximately 16.7% of its enlarged share capital, under a general mandate. The shares were placed to a minimum of six independent third-party investors, with none becoming substantial shareholders. This move impacts the company’s shareholding structure, reducing the percentage held by Generous Horizon Limited and increasing public shareholder participation.
More about Pangaea Connectivity Technology Limited
Pangaea Connectivity Technology Limited operates in the technology sector, focusing on connectivity solutions. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 3,837,381
Technical Sentiment Signal: Buy
Current Market Cap: HK$452.4M
Learn more about 1473 stock on TipRanks’ Stock Analysis page.