WK Group Completes Share Placing, Maintains Control
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WK Group (Holdings) Limited has completed the placing of 480 million existing shares, representing 24% of its issued share capital, to at least six independent placees. This transaction ensures that no single placee holds 30% or more of the company’s total issued share capital, maintaining the vendor’s controlling shareholder status with 51% ownership. The company does not expect any adverse effects on its operations from this share placing.
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