EPI Reports Substantial Shareholder Shift as Billion Expo Sells 14% Stake; Shares Jump 10%

MT Newswires Live

09/22

EPI (Holdings) (HKG:0689) said substantial shareholder Billion Expo International has sold its entire 13.92% stake, or 86.2 million shares, in the company to VCYBER Holdings, according to a Sept. 19 Hong Kong bourse filing.

Shares of the oil explorer were up over 10% in Monday morning trade.

Following the disposal, Billion Expo has ceased to hold any shares in the company, while VCYBER has become a substantial shareholder.

VCYBER is controlled by Shum Ka Kam, a director of EP AOTO Investment, an indirect subsidiary of EPI, according to the filing.

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