Allegro Culture's Substantial Shareholder Gets New Owner
MT Newswires Live
Sep 15
Allegro Culture (HKG:0550) said substantial shareholder Upsky Global's ownership changed after Chen Jiajun transferred his entire interest in Upsky to Direct Ascent Intelligent Investment on Sept. 9, according to a Monday Hong Kong bourse filing.
Upsky holds 123.04 million Allegro Culture shares, or about 27.01% of issued capital, the filing said. Chen no longer has any interest in the shares following the transfer.
Shares of the advertising and promotional services provider fell over 7% in recent trade.
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