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VCREDIT Holdings Sees Ownership Shift Amid New Cash Offer
Executive Chairman of the Board of VCREDIT Holdings Picks Up 11% More Stock
VCREDIT (02003.HK) received an off-market Shareholding of 20.5 million ordinary shares from WEALTHY SURPLUS LIMITED, valued at approximately 36.9 million HK dollars.
On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, WEALTHY SURPLUS LIMITED increased its shareholding in VCREDIT (02003.HK) by 20.5 million shares at an average price of HKD 1.8 per share in the over-the-counter market on December 10, amounting to approximately HKD 36.9 million. After the shareholding increase, WEALTHY SURPLUS LIMITED's latest shareholding count is 67.107 million shares, with the stockholding ratio rising from 9.52% to 13.71%. Image source: Stock disclosure from the Hong Kong Stock Exchange. Why did the acquirer increase their shareholding?
VCREDIT (02003.HK) received an off-market Shareholding of 7 million ordinary shares from MAGIC MOUNT LIMITED and its affiliates, valued at approximately 12.6 million Hong Kong dollars.
On December 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 13, MAGIC MOUNT LIMITED acquired 7 million shares of common stock of VCREDIT (02003.HK) in the over-the-counter Shareholding at an average price of HKD 1.8 per share on December 10, valued at approximately HKD 12.6 million. After the Shareholding, MAGIC MOUNT LIMITED's latest holding of shares is 34.0939 million shares, with the good warehouse ratio increasing from 5.54% to 6.97%. This Trade involves other related parties: Liao Shihong and MAGIC MOUNT.
VCREDIT Holdings Suspends Trading Amid Takeover News
VCREDIT (02003) will be suspended from trading starting December 11, with the reason unknown.
VCREDIT (02003) announced that trading of its shares will be temporarily suspended starting from 9 AM on December 11, 2024...