The latest update is out from WA Kaolin Ltd. ( (AU:WAK) ).
WA Kaolin Ltd. has announced a change in the voting power of its substantial holder, Century Horse Limited (CHL) and Mr. Cheng-Chen Hu, collectively known as the CHL Group. The group’s voting power decreased from 14.4% to 12.14% due to dilution following the issuance of securities by WA Kaolin as part of a retail component of an underwritten, accelerated non-renounceable entitlement offer. This change reflects a strategic financial adjustment within the company, potentially impacting its shareholder dynamics and market positioning.
More about WA Kaolin Ltd.
WA Kaolin Ltd. operates in the mining industry, focusing on the extraction and processing of kaolin, a type of clay used in various industrial applications. The company is engaged in developing and supplying high-grade kaolin products to meet market demands.
YTD Price Performance: -6.00%
Average Trading Volume: 212,249
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$34.91M
Learn more about WAK stock on TipRanks’ Stock Analysis page.