Smoore Shareholder Sale Plan Expires; Caution Advised

Smoore International Holdings Limited (HK:6969) has released an update.

Smoore International Holdings Limited has announced that its controlling shareholder, EVE Battery, a subsidiary of EVE Energy, did not proceed with its plan to reduce its shareholding by up to 3.5% as previously approved. EVE Energy has again obtained approval to potentially reduce its stake by the same amount within the next year through block trades, which could lead to it losing its status as a controlling shareholder. Shareholders and potential investors are advised to exercise caution and seek professional advice when dealing with the company’s shares.

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