Significant Stake Movement at WELLCELL H-NEW with HK$236 Million in Deposited Shares

Stock News07-09

Recent data from the Hong Kong Stock Exchange reveals a notable shareholding change for WELLCELL H-NEW (ASX: 02477) on July 8. The total market value of shares deposited reached HK$236 million, representing 19.96% of the company's issued share capital. A shareholder of the company deposited 796 million shares with Beta International Securities, resulting in an increase in the shareholding proportion by 19.91%.

On June 29, WELLCELL H-NEW issued an announcement regarding the group's initiation of an artificial intelligence strategy upgrade, extending its business into the computing power services sector within AI infrastructure. The company's board of directors informed shareholders and potential investors that the group has recently officially launched its AI and computing power service platform named "Novax AI." This marks the formal implementation of the plans related to the group's AI strategy upgrade.

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