Bosideng International Holdings (HK:3998) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Bosideng International Holdings Limited has announced a voluntary placement of 400 million existing shares by its controlling shareholder at HKD 4.31 per share, representing 3.64% of the company’s total issued shares. The transaction is set to complete on July 5, 2024, and will decrease the seller’s stake from 15.60% to approximately 11.96%, with Mr. Gao remaining as the controlling shareholder. The company’s board does not anticipate any significant impact on operations or management from this placement.
For further insights into HK:3998 stock, check out TipRanks’ Stock Analysis page.
