MMG Shareholder Deposits 261 Million Shares with HSBC, Total Custodial Value Reaches HK$6.049 Billion

Stock News06-22

According to the latest data from the Hong Kong Stock Exchange, a significant change in shareholding for MMG (HKEX: 01208) was recorded on June 18th.

The total value of shares held in custody reached HK$6.049 billion, representing 5.81% of the company's issued share capital.

A shareholder of the company deposited 261 million shares with The Hongkong and Shanghai Banking Corporation Limited, resulting in a 16.18% decrease in their shareholding percentage.

MMG has issued an announcement stating that, pursuant to the terms of the placement agreement, the placement was completed on June 18, 2026.

A total of 706 million new shares, representing approximately 5.5% of the company's total issued share capital as enlarged by the issuance and allotment of the placement shares, were successfully placed by the placing agent to no fewer than six placees at a placing price of HK$8.88 per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment