Yeahka Limited ( ($HK:9923) ) has issued an update.
Yeahka Limited announces a strategic move to raise additional funds through the placing of existing shares and subscription of new shares under a general mandate. The company aims to issue and place 19,150,000 shares to boost its overseas and AI business segments. This decision involves a decrease in the Top-up Vendor’s shareholding from 36.17% to 31.85% post-placement, and a subsequent increase to 34.67% after subscription, which necessitates a waiver application from the Takeovers Code’s general offer obligation. The shares will be offered to professional and institutional investors, ensuring no new substantial shareholder emerges. The completion of this transaction is contingent on several conditions, including stock exchange approval and waiver acquisition.
More about Yeahka Limited
Yeahka Limited is a company incorporated in the Cayman Islands, focusing on the development of overseas and artificial intelligence businesses.
YTD Price Performance: -4.72%
Average Trading Volume: 2,563,937
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$5.19B
Learn more about 9923 stock on TipRanks’ Stock Analysis page.
