Rakon Limited (NZX: RAK) Substantial Holder Sell Down

Monday 26th July 2021

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

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