NaaS Technology Inc. Receives Non-Trading Confirmation From Bain Capital, Confirming That They Will Not Sell American Depositary Shares Or Ordinary Shares Of The Co Into The Open Market Until The Co Releases Its Earnings Results For Q2 2023
Portfolio Pulse from Happy Mohamed
NaaS Technology Inc. has received a confirmation from Bain Capital that they will not sell any American depositary shares or ordinary shares of NaaS into the open market until the company releases its Q2 2023 earnings results.
July 03, 2023 | 12:32 pm
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NEUTRAL IMPACT
Bain Capital's decision to hold off on selling shares of NaaS Technology Inc. until Q2 2023 earnings results are released could potentially stabilize the stock in the short term.
Bain Capital's decision to not sell shares of NaaS Technology Inc. until the release of Q2 2023 earnings results could potentially prevent any drastic sell-off, thereby stabilizing the stock price in the short term. However, the actual impact will also depend on the company's performance and market conditions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100