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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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:

FreshLeaf: Cannabis on course to be 'medicine of the masses'
Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
My Food Bag Group Limited (NZX: MFB) Market Update and HY Results Announcement Date
Harmoney Corp Limited (NZX: HMY) Delivers Record September Quarter
Vital Healthcare Property Trust (NZX: VHP) Announces Successful Completion of $115m Placement
14th October 2021 Morning Report
General Capital Limited (NZX: GEN) Completes Greenfern Listing
LISTING AND QUOTATION NOTICE: NZX MAIN BOARD - GREENFERN INDUSTRIES LIMITED
13th October 2021 Morning Report
Hotel Montreal: Patterson Family Buys Christchurch's Hotel Montreal