Wai Hung Group Holdings Ltd. (HK:3321) has released an update.
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Wai Hung Group Holdings Ltd. has announced the conditional placement of 100,930,000 new shares solely to Mr. Loke Che Chan Gilbert, an experienced finance professional and chairman of Greenpro Capital Corp. This significant share placement is expected to alter the company’s shareholding structure, with Mr. Gilbert set to hold approximately 16.7% of the company post-completion, thereby affecting the percentage holdings of existing shareholders. Shareholders and potential investors are advised to exercise caution when trading the company’s securities.
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