Mexan’s Controlling Shareholder Sells Entire Stake, New Substantial Investors Emerge
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Mexan Limited has announced the completion of a major share placing by its controlling shareholder, involving 1,326,735,354 shares, or about 67.47% of the company’s issued share capital. The Vendor has ceased to hold any shares, marking a significant change in ownership. Two new substantial investors, Chen Jixiang and Max Premier Limited, acquired around 17.64% of Mexan’s shares. Existing shareholders and potential investors are advised to exercise caution when trading. The latest analyst rating for Mexan stock is a Hold with a price target of HK$0.25.
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