Silkwave Inc Shareholder Transfers HK$40.2 Million Stake from King Li Fung Securities to Hang Seng Securities

Stock News04-20

On April 17, a shareholder of SILKWAVE INC (00471) transferred shares from King Li Fung Securities to Hang Seng Securities. The transferred stake was valued at approximately HK$40.208 million, representing 12.51% of the company's issued share capital. This information was revealed in the latest data from the Hong Kong Stock Exchange.

Separately, SILKWAVE INC announced on April 16 that it had entered into a non-binding memorandum of understanding with SolsticeX Holdings Limited. The memorandum outlines a proposed strategic collaboration within the aerospace and satellite sectors. SolsticeX specializes in multimedia broadcasting, satellite, and wireless transmission services. The company is active in the ASEAN market and engages in activities related to space technology, satellite manufacturing, ground segment operations, and data analysis.

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