Financial Wire

Metaspacex Says Lender Sold Controlling Shareholder's Shares Without Consent

-- Metaspacex (HKG:1796) said its controlling shareholder, China Sports Assets Management, had 102.3 million shares sold by a lender in the market without its authorization, according to a Tuesday Hong Kong bourse filing.

The shares were disposed of between April 2 and April 9 at prices ranging from HK$0.17 to HK$2.07.

Following the disposal, China Sports held 255.9 million shares, representing about 53.3% of the company.

The company said it is reviewing the transactions, including the identity of buyers and potential compliance with listing and takeover rules.

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Metaspacex Says Lender Sold Controlling Shareholder's Shares Without Consent | Financial Wire