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China Wah Yan Healthcare ( (HK:0648) ) has issued an announcement.
SoftMedx Healthcare Limited has completed its loan conversions, resulting in the issuance of 1.8 billion conversion shares. This move increases the company’s total shares to over 2.1 billion, significantly altering its shareholding structure. The restructuring agreement’s completion ensures compliance with public float requirements, with a substantial portion of shares allocated to an independent placee and an investor. This strategic financial restructuring is expected to impact the company’s market positioning by enhancing its capital structure and potentially attracting new stakeholders.
More about China Wah Yan Healthcare
Average Trading Volume: 7,483,549
Technical Sentiment Signal: Sell
Current Market Cap: HK$74.01M
For a thorough assessment of 0648 stock, go to TipRanks’ Stock Analysis page.