Apollo Group Announces Major Share Disposal

Apollo Future Mobility Group Limited (HK:0860) has released an update.

Apollo Future Mobility Group Limited has announced a significant transaction involving the sale of approximately 12.87% of the shares in a Target Company for US$101.5 million, with the resumption of trading set for 9:00 a.m. on 8 August 2024. This major disposal requires shareholder approval and has led to a trading halt, with the deal’s completion contingent on certain conditions being met. Investors are urged to be cautious when trading shares in light of this development.

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