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China Wah Yan Healthcare ( (HK:0648) ) just unveiled an announcement.
SoftMedx Healthcare Limited has announced the completion of a placing of 500,000,000 existing shares by its controlling shareholder, representing 23.3% of the company’s issued share capital. The shares were placed at HK$0.11 each to at least six independent investors, none of whom has become a substantial shareholder, ensuring a more diversified but still non-controlling investor base.
Following the transaction, the Vendor’s stake in SoftMedx has been reduced from 74.4% to 51.0%, and it remains the controlling shareholder of the company. The company states it does not expect any adverse impact on its operations from this change in shareholding structure, though it has advised shareholders and potential investors to exercise caution when trading its shares.
More about China Wah Yan Healthcare
SoftMedx Healthcare Limited operates in the healthcare sector and is listed on the Stock Exchange of Hong Kong. The company’s shareholder base includes a controlling shareholder, referred to as the Vendor, whose equity stake and share placement activities can materially influence the firm’s ownership structure and market perception.
Average Trading Volume: 12,394,344
Technical Sentiment Signal: Hold
Current Market Cap: HK$792.7M
For detailed information about 0648 stock, go to TipRanks’ Stock Analysis page.