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South Manganese Investment Limited ( (HK:1091) ) just unveiled an announcement.
South Manganese Investment Limited has disclosed that substantial shareholder Mr. Cheung Ming has sold his entire stake of 534,691,800 shares, representing about 10.83% of the company’s issued share capital, at an average price of HK$0.24 per share, and as a result no longer holds any shares in the company. The board stated that this disposal is not expected to have a material impact on the group’s business operations or financial position, suggesting that while the move significantly alters the shareholder structure, it should not affect day-to-day activities or the company’s immediate financial health.
The most recent analyst rating on (HK:1091) stock is a Sell with a HK$0.34 price target. To see the full list of analyst forecasts on South Manganese Investment Limited stock, see the HK:1091 Stock Forecast page.
More about South Manganese Investment Limited
South Manganese Investment Limited is a Bermuda-incorporated company listed in Hong Kong that operates through a group structure, though this announcement does not specify its precise industry segment, products or services. The company is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting a typical corporate governance framework for a Hong Kong–listed issuer.
Average Trading Volume: 29,403,972
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.8B
Learn more about 1091 stock on TipRanks’ Stock Analysis page.