Vobile Group Ltd. Completes Placement of 138 Million New Shares Under General Mandate

Reuters
03 Jun
Vobile Group Ltd. Completes Placement of 138 Million New Shares Under General Mandate

Vobile Group Ltd., a company incorporated in the Cayman Islands, has successfully completed the placement of 138,000,000 new shares under a general mandate. This placement was coordinated by a sole overall coordinator and placing agent. The issuance has resulted in a change to the company's shareholding structure, with the new shares accounting for approximately 5.63% of the issued share capital. Key shareholders, including Mr. Yangbin Bernard Wang, the company's Chairman, and other directors, maintain significant stakes in the company. The completion of this share placement is expected to support the company's strategic initiatives and business activities.

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