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Anchorstone Holdings Announces Forced Share Sale During Black-out Period

Story Highlights
  • Anchorstone Holdings faced a forced sale of 20 million shares by a major shareholder.
  • The sale occurred during a black-out period, reducing PMG Investments’ stake to 63.82%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Anchorstone Holdings Announces Forced Share Sale During Black-out Period

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Anchorstone Holdings Limited ( (HK:1592) ) has shared an announcement.

Anchorstone Holdings Limited, a company listed on the Hong Kong Stock Exchange, announced a forced sale of 20,000,000 shares by PMG Investments Limited, a substantial shareholder. This sale, which occurred during a black-out period, reduced PMG Investments’ stake to approximately 63.82% of the company’s total issued share capital. The board, excluding Mr. Lui Yue Yun Gary, acknowledged the sale as an exceptional circumstance under the Listing Rules, advising caution to shareholders and investors.

More about Anchorstone Holdings Limited

YTD Price Performance: 80.0%

Average Trading Volume: 15,573,250

Technical Sentiment Signal: Buy

Current Market Cap: HK$86.87M

See more insights into 1592 stock on TipRanks’ Stock Analysis page.

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