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Man Wah's Controlling Shareholder Boosts Stakeholding
MAN WAH HLDGS (01999) received a Shareholding increase of 5 million shares from its controlling Shareholder Huang Minli.
MAN WAH HLDGS (01999) issued an announcement that the company has been granted by the Chairman of the Board of Directors, Executive Director, and President Mr. Huang Minli (...
Express News | Man Wah - Chairman on 10 February Purchased 5 Mln Ordinary Shares of Co
Major rating｜Citi: Downgraded MAN WAH HLDGS Target Price to HKD 4.6, rating lowered to 'Neutral.'
Minhua announced last Friday (7th) the appointment of company secretary Zhang Xian to take over the investor relations position, as the former investor relations director is currently under investigation by regulatory Institutions. The announcement mentioned that this investigation is unrelated to Minhua's listing. Citigroup issued a Research Report indicating uncertainty whether this single event will evolve into any management risks. On the other hand, the Real Estate market remains sluggish, and the downward trend in Consumer spending may slow the demand for Furniture replacements, while reclining chairs face competition from new entrants in custom Furniture. Therefore, Minhua's stock price will be pressured by the uncertainty mentioned above. In addition, Citigroup has downgraded Minhua's earnings forecast for the 2025 to 2026 fiscal year.
Man Wah Holdings Limited's (HKG:1999) Prospects Need A Boost To Lift Shares
MAN WAH HLDGS (01999.HK) awarded 14.5032 million shares as incentive shares.
On January 27, Gelonghui reported that MAN WAH HLDGS (01999.HK) announced that on January 27, 2025, the company granted rewards to 195 group employees and 2 executive Directors (namely Dai Quanfai and Huang Yingying) ("grantees"), involving a total of 14,503,200 shares to be issued by the company, equivalent to approximately 0.37% of the 3,878,083,200 shares issued as of the grant date, but this is subject to acceptance by the grantees before it can be finalized.
Subdued Growth No Barrier To Man Wah Holdings Limited (HKG:1999) With Shares Advancing 26%
