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An announcement from WellCell Holdings Co., Limited ( (HK:2477) ) is now available.
WellCell Holdings Co., Limited announced that its controlling shareholder, WellCell Group Co., Limited, has entered into a share purchase agreement to sell 99,500,000 shares, representing 19.9% of the company’s total issued share capital, to Hang Feng International Holdings Co., Limited. This transaction will reduce WellCell Group’s holdings from 51% to 31.1%, while Hang Feng International will become a substantial shareholder. This disposal may impact WellCell Holdings’ market dynamics by introducing a new substantial shareholder while maintaining WellCell Group as a controlling shareholder.
More about WellCell Holdings Co., Limited
WellCell Holdings Co., Limited is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The company operates in the investment sector, with a focus on managing various subsidiaries under its umbrella.
YTD Price Performance: -0.16%
Average Trading Volume: 2,164,488
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of 2477 stock, go to TipRanks’ Stock Analysis page.