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WK Group (Holdings) Limited ( (HK:2535) ) has shared an announcement.
WK Group (Holdings) Limited, a company incorporated in the Cayman Islands, has announced that a controlling shareholder, WK (BVI) Limited, has entered into a placing agreement with Quam Securities Limited to sell up to 400,000,000 existing shares. This represents 20% of the company’s issued share capital. The placing is expected to be completed by February 28, 2026, and aims to ensure that no single placee will hold 30% or more of the company’s shares, thus avoiding a mandatory general offer under the Takeovers Code. The company does not anticipate any adverse effects on its operations from this transaction.
More about WK Group (Holdings) Limited
Average Trading Volume: 3,716,885
Technical Sentiment Signal: Hold
See more data about 2535 stock on TipRanks’ Stock Analysis page.