SoftMedx Controlling Shareholder to Place 23.3% Stake While Retaining Majority Control

China Wah Yan Healthcare ( (HK:0648) ) has issued an announcement.

SoftMedx Healthcare Limited has disclosed that its controlling shareholder, Multi Omniverse Group Limited, has entered into a placing agreement to sell up to 500,000,000 existing shares at HK$0.11 each. The shares, representing 23.3% of the company’s issued share capital, will be placed to independent investors on a best-effort basis through a placing agent during a period ending 8 May 2026.

Following the transaction, assuming all placing shares are sold, the controlling shareholder will retain 51.0% of SoftMedx, maintaining its status as controlling shareholder and preserving overall control of the company. The company does not expect any adverse impact on its operations from the placing, though it has cautioned shareholders and potential investors that the deal may not proceed or may not be fully subscribed.

More about China Wah Yan Healthcare

SoftMedx Healthcare Limited, formerly associated with China Wah Yan Healthcare, is a Hong Kong-listed healthcare company. It is controlled by Multi Omniverse Group Limited, which remains the majority shareholder despite periodically selling down part of its stake through market placements to independent investors.

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Technical Sentiment Signal: Hold

Current Market Cap: HK$653.4M

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