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HK TECH VENTURE Opens 5% Higher as Ricky Wong Has No Intention to Privatize Firm
HK TECH VENTURE (01137.HK) announced that, Mission Forward Limited, a special purpose company wholly owned by the Group's Vice Chairman and Chief Executive Officer Ricky Wong, ...
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HK TECH VENTURE Opens 5% Higher as Ricky Wong Has No Intention to Privatize Firm
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HK TECH VENTURE (01137.HK)  +0.040 (+2.581%)   announced that, Mission Forward Limited, a special purpose company wholly owned by the Group's Vice Chairman and Chief Executive Officer Ricky Wong, acquired 29.5% of the shares in Top Group International (TGI), which holds 45.01% equity in the Group, from Kapak Leung and Yau Ming Yan for a total consideration of $62.843 million.

Upon completion, Wong's stake in TGI will increase from approx. 22.3% to 51.8%.

Wong does not have any intention to privatize the Company and intends to maintain the listing of the shares on the Stock Exchange after the close of the offers.

HK TECH VENTURE opened 5.16% higher this morning (27th), and peaked at $1.68. The stock last printed at $1.65, elevating 6.45%, with 1.227 million shares traded, involving $2.0011 million.
(HK stocks quote is delayed for at least 15 mins.)

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