Wai Hung Group Completes Strategic Share Placement

Wai Hung Group Holdings Ltd. (HK:3321) has released an update.

Wai Hung Group Holdings Ltd. has successfully completed the placement of new shares, with 20% of its existing issued share capital being acquired by Mr. Loke Che Chan Gilbert, who is now a substantial shareholder. The net proceeds from the sale amount to approximately HK$2.03 million, which will be used as outlined in previous announcements. This strategic move alters the shareholding structure, with significant changes in shareholder percentages post-completion.

For further insights into HK:3321 stock, check out TipRanks’ Stock Analysis page.