Recently, the Philippine entertainment technology company DigiPlus staged a major capital drama. Early major shareholder Colonial Group sold shares worth 8.5 billion pesos through block trading. Surprisingly, instead of falling, the stock price rose more than 2%, which was unexpected by the market. This transaction was quickly absorbed by a new group of investors, providing support for the stock price and reflecting the ongoing attractiveness of the online gambling sector.
Overview of the Large Share Reduction Event
As a long-term shareholder of DigiPlus, Colonial Group sold 330 million shares in one go on November 20, accounting for 7.32% of the company's shares, at a price of 25.65 pesos per share. This early bird investor, who entered the market when the stock price was less than 2 pesos, cashed out with more than ten times the profit, essentially making a hefty exit.
Transaction Details and Market Shock
Surprisingly, these 330 million shares did not cause market fluctuations and were completely absorbed by the new financial backers. The block trade was completed instantly, supporting the stock price and boosting investor confidence. It is widely believed in the industry that while the old shareholders secured their profits, new investors are more optimistic about DigiPlus's future development potential.
Stock Performance and Industry Outlook
After the transaction, DigiPlus's stock performance was stronger than the general market. Analysts pointed out that the rapid entry of new capital shows that the capital market remains optimistic about its online gambling and digital entertainment businesses. With the expansion in the Philippines and overseas markets, the addition of new investors may bring more resources and consolidate the company's leading position. In the current competitive gambling technology environment, this capital maneuver once again proves the attractiveness of DigiPlus.
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This article is from "PASA-Global iGaming Leader," a gambling industry news channel:https://t.me/pasa_news
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