WK Group Shareholder to Place 480 Million Shares

WK Group (Holdings) Limited (HK:2535) has released an update.

WK Group (Holdings) Limited has announced that a controlling shareholder, WK (BVI) Limited, will place up to 480 million existing shares, representing 24% of the company’s issued share capital, at a minimum price of HK$0.25 per share. This move is orchestrated through a placing agreement with Quam Securities Limited, and upon completion, WK (BVI) will retain a 51% stake, maintaining its status as a controlling shareholder. The company assures that this transaction will not impact its operations.

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