An announcement from Xinming China Holdings Limited ( (HK:2699) ) is now available.
Xinming China Holdings Limited announced significant changes in its shareholding structure. The controlling shareholder, through receivers, placed 752,137,800 existing shares, representing 40.04% of the company’s issued share capital, and sold an additional 187,862,200 shares, representing 10% of the share capital, to Motivational Mathematics, making them a substantial shareholder. Additionally, Convertible Bonds were transferred to Motivational Mathematics, with potential to increase their stake to 19.27% upon full conversion. These transactions dramatically reduce the controlling shareholder’s stake from 51.33% to 1.30%, altering the company’s ownership landscape.
More about Xinming China Holdings Limited
YTD Price Performance: 70.0%
Average Trading Volume: 32,001,984
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$37.57M
See more data about 2699 stock on TipRanks’ Stock Analysis page.