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ARTGO: major shareholder forced to sell shares
22 Nov 2019
(Infocast News) Artgo Holdings (03313) announced that 4.87% of the total issued share capital of the company held by Maswin (a substantial shareholder) were sold on the market as a result of forced sale by certain stock brokers under margin financing arrangements due to a sharp decrease of share price.

Leung Ka Kit owned the entire equity interest in Maswin and is the spouse of Wu Jing, who is a director.

After completion of the share disposals, the percentage interest of Maswin in the company has been reduced to 12.46% of the total issued share capital of the company.

An application has been made by the company for the resumption of trading in the shares of the company with effect from 9:00 a.m. today.

(WL)
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