Silkwave Wins Minority Backing for Major Three-for-One Rights Issue
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Silkwave Inc has received approval from independent shareholders for a significant three-for-one rights issue, potentially doubling its share capital. The resolution passed despite voting irregularities involving the controlling shareholder, Chi Capital. The final valid vote was 8,326 shares in favor and 22 against, ensuring compliance with Hong Kong Listing Rules. The latest analyst rating for CMMB Vision Holdings (HK:0471) is a Hold with a price target of HK$0.50. Silkwave operates in the telecommunications sector, focusing on satellite-based and mobile multimedia services in Greater China.
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