Bosideng Announces Major Share Placement

Bosideng International Holdings (HK:3998) has released an update.

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.

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