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Brainhole Technology Announces Disposal of Beike Shares

Story Highlights
  • Brainhole Technology Limited disposed of 147,000 Beike Shares for HK$7.4 million.
  • The transaction is discloseable under Hong Kong’s Listing Rules due to aggregate considerations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brainhole Technology Announces Disposal of Beike Shares

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The latest update is out from Brainhole Technology Limited ( (HK:2203) ).

Brainhole Technology Limited has announced the disposal of 147,000 Beike Shares in the open market for approximately HK$7.4 million. This transaction, when combined with previous disposals of Beike ADS, constitutes a discloseable transaction under Hong Kong’s Listing Rules, as the aggregate consideration exceeds 5% but is less than 25% of applicable percentage ratios. This move results in the company holding no remaining Beike Shares or Beike ADS, potentially impacting its investment portfolio and financial strategy.

More about Brainhole Technology Limited

Brainhole Technology Limited is a company incorporated in the Cayman Islands with limited liability. The company is involved in various transactions related to listed securities.

Average Trading Volume: 1,732,241

Technical Sentiment Signal: Buy

Current Market Cap: HK$155.2M

For detailed information about 2203 stock, go to TipRanks’ Stock Analysis page.

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