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CMMB Vision Holdings ( (HK:0471) ) has provided an announcement.
Independent shareholders of Silkwave Inc have approved a substantial rights issue on a non-underwritten basis, allowing the company to offer three new rights shares for every existing share held on the record date, potentially more than doubling its share capital and providing additional funding flexibility. The resolution passed after scrutiny of voting irregularities involving Chi Capital, the controlling shareholder, whose votes were invalidated due to broker miscommunication, with the final valid tally showing 8,326 shares in favour and 22 against, underscoring regulatory compliance with Hong Kong Listing Rules and paving the way for the rights issue to proceed while ensuring minority shareholder approval was properly obtained.
The most recent analyst rating on (HK:0471) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CMMB Vision Holdings stock, see the HK:0471 Stock Forecast page.
More about CMMB Vision Holdings
Silkwave Inc is a Cayman Islands–incorporated company listed in Hong Kong that operates within the broader telecommunications and media technology sector through its association with CMMB Vision Holdings, focusing on satellite-based and mobile multimedia services targeting Greater China and regional markets.
Average Trading Volume: 608,696
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$75.56M
See more data about 0471 stock on TipRanks’ Stock Analysis page.