2 stories mentioning HKG:1657Updated just now
Every FINWIRES story that references HKG:1657, newest first.
SG Group (HKG:1657) plans to change its English name to Sefon Holdings, subject to shareholder approval.The company also proposed subdividing each existing share with a par value of HK$0.01 into 10 shares with a par value of HK$0.001 each, according to a Hong Kong bourse filing on Tuesday.Shares of the apparel design company fell nearly 5% in recent trade.
SG Group (HKG:1657) said its chairman and chief executive Choi King Ting completed the sale of his 74.91% controlling stake to Hong Kong Weiye Software, according to a Tuesday filing with the Hong Kong bourse.The sale triggered a mandatory takeover offer for the rest of the business and Weiye Software has offered to purchase shares it does not already own for HK$8.323 per share in cash.The firm previously established an independent board committee to advise shareholders on the matter.
