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The latest announcement is out from China Wah Yan Healthcare ( (HK:0648) ).
SoftMedx Healthcare Limited has disclosed that its controlling shareholder, Multi Omniverse Group Limited, has arranged a best-effort placing of up to 445 million existing shares at HK$0.11 each to independent investors. The placing shares represent 20.8% of the company’s issued share capital, and the transaction is scheduled to run from 7 May to 15 May 2026, with flexibility for extension.
Following completion of the placing, and assuming all shares are placed, the controlling shareholder will retain a 30.3% stake and continue to be the company’s controlling shareholder, with no current intention to further reduce its holding. The company expects no adverse impact on its operations from the placing but has advised shareholders and potential investors to exercise caution as the placing may or may not proceed in full.
More about China Wah Yan Healthcare
SoftMedx Healthcare Limited is a Hong Kong-listed company in the healthcare sector. It is controlled by Multi Omniverse Group Limited, which remains the dominant shareholder following recent share placement activities.
Average Trading Volume: 12,394,344
Technical Sentiment Signal: Hold
Current Market Cap: HK$792.7M
For a thorough assessment of 0648 stock, go to TipRanks’ Stock Analysis page.