HKG:0471

3 stories mentioning HKG:0471Updated 38d ago

Every FINWIRES story that references HKG:0471, newest first.

Silkwave Flags Forced Share Sales by Key Shareholder, Chairman

Silkwave (HKG:0471) said forced sales of shares held by a substantial shareholder and its chairman triggered a sharp drop in its share price and spike in trading volume, according to a Wednesday Hong Kong bourse filing.Shares of the media and transmission business were up nearly 2% in Thursday morning trade.The company said Chi Capital, a substantial shareholder, defaulted on a loan secured by its holdings, leading to the forced sale of about 53.3 million shares, or roughly 11.1% of the company's issued capital.Separately, about 24.4 million shares held by Chairman Chau Ngai Fung were also subject to forced sale following the price decline, reducing his stake to about 2.6%.

HKG:0471

Asia58d ago

Silkwave Eyes Satellite Media Expansion With Hong Kong TV International

Silkwave (HKG:0471) entered into a memorandum of understanding with Hong Kong TV International Media to explore cooperation in satellite media services, according to a Tuesday Hong Kong bourse filing.The companies plan to combine Silkwave's satellite communication technology with HKS' media content to expand the satellite converged media market.Proposed areas of cooperation include in-vehicle live TV services, satellite-enabled content distribution alongside 5G networks, and expansion into overseas markets, including Southeast Asia.

HKG:0471

Asia62d ago

Silkwave Eyes Aerospace, Satellite Partnership with SolsticeX; Shares Surge 37%

Silkwave (HKG:0471) entered into a memorandum of understanding with SolsticeX to explore cooperation in the aerospace and satellite sectors, according to a Thursday Hong Kong bourse filing.Shares of the media and transmission business were up over 37% in Friday morning trade.The parties will assess opportunities in satellite communications, aerospace technology, market development, and financing, with 90 days of exclusive discussions.SolsticeX operates in multimedia broadcasting, satellite, and wireless transmission, with a focus on ASEAN markets.

HKG:0471

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