Sharechat Logo

Rakon Limited (NZX: RAK) Substantial Holder Sell Down

Monday 26th July 2021

Text too small?

Rakon confirms advice from substantial shareholder Siward Crystal Technology Co., Limited (Siward) that Siward has reduced its holding in Rakon Limited from 16.6% to 12.23%. Siward advises it has made an off market sale via a broker of 10,000,000 shares to various unknown purchasers with settlement due to occur on 27 July 2021.

Siward Chairman and Rakon Director Tony Tseng has advised the Board of Directors of Rakon Limited that Siward has no plan for another sell down and remains a long term investor and technology partner of Rakon.

Rakon is pleased to welcome the new investors.

Please see the link below for details

Rakon (RAK) Substantial Holder sell down

Source: Radius Residential Care Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Pictor Limited Announces Start of US Clinical Trials for SARS-CoV-2 Serology Test
Arvida Group Limited (NZX: ARV) Opening of Rights Offer
Move Logistics Group Limited (NZX: MOV) Announces $40m Capital Raise
27th October 2021 Morning Report
The a2 Milk Company Limited (NZX: ATM) Investor Day 2021
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer
Tourism Holdings Limited (NZX: THL) Sells Mighway and SHAREaCAMPER to Camplify
26th October 2021 Morning Report
Harmoney Corp Limited (NZX: HMY) Prices $105m Inaugural ABS Transaction
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio